DealNow launched last week to provide services that can enable secure and seamless online transactions for any vehicle, especially for private-party transactions.

DealNow said its platform addresses the growing concerns surrounding person-to-person vehicle sales by providing escrow-like safeguards without the need for intermediaries.

DealNow acknowledged traditional escrow services, while helpful, rely on human intervention to manage key transaction components such as funds and title transfers, creating potential delays and increased costs.

“DealNow is a game-changer for anyone looking to buy or sell a vehicle directly, without the risks or delays of traditional person-to-person transactions,” DealNow co-founder and CEO Brad Parker said in a news release. “We’ve eliminated the need for middlemen by creating a fully tech-driven platform that ensures a secure, fast, and fraud-free experience. From identity verification and document signing to title checks and payment processing, everything happens in real-time. This gives consumers the confidence and convenience they’ve been missing in the process.

“DealNow empowers users to take full control of their vehicle transactions with complete peace of mind,” Parker continued.

DealNow can eliminate inefficiencies by providing an automated, tech-powered solution that can ensure quick, secure, and fully transparent vehicle transactions with the following key features:

—Fraud prevention: DealNow can cross-reference multiple sources to help prevent fraudulent activity, giving buyers and sellers complete peace of mind.

—Instant transactions: Once buyer funds are placed in their DealNow account, transactions can be completed in less than 60 seconds, making it a fast and safe way to transfer vehicle ownership.

—Seamless documentation: DealNow generates state-specific, vehicle-specific bills of sale that can be electronically signed by both parties. All documents are downloadable for future reference.

DealNow leverages cutting-edge security measures such as driver’s license verification and facial recognition technology to confirm the identities of both the buyer and the seller.

Additionally, mobile phone records are checked to prevent the use of burner phones or SIM swaps, providing enhanced security for both parties.

Optional vehicle verification services, including vehicle history reports, inspections, and title checks, are available directly within the app for added confidence.

The closing fee for any completed transaction is $150, which can be paid by either the buyer, seller, or split between both parties.

For those looking for additional services, DealNow offers flexible add-ons such as shipping, inspections, and a forthcoming title transfer and registration service. Financing, insurance, and vehicle protection options are also available to enhance the transaction experience.

To learn more, go to DealNow.com.