Kading Enhances Vehicle Lifecycle Management Services with Contactless Secure Transactions

Car lease/rental succession platform Carding has launched the industry's first direct-transaction-based, non-face-to-face 'Safe Transaction System', changing the landscape of the vehicle succession market. This innovative system eliminates all risk factors that can arise during the lease/rental vehicle succession process, providing a digital environment where users can conduct safe transactions. Vehicle succession is a transaction method in which an existing leased or rented vehicle is transferred to a third party. This offers sellers the benefit of reducing losses from early termination penalties, and buyers the opportunity to reasonably acquire a nearly new vehicle with remaining warranty and succession support funds. However, traditional direct transaction methods were difficult for general consumers to access due to uncertainties in vehicle condition inspection, valuation, and complex contract and cost settlement processes. To solve these problems, Carding has built a service that allows all processes, from succession application to contract verification, buyer screening support, on-site vehicle diagnostic evaluation, escrow, contract support, and delivery service, to be handled in one go within the app. In particular, Carding's patented 'Reverse Escrow System' differentiates itself by requiring sellers to pre-deposit succession support funds, thereby providing a more trustworthy transaction environment for buyers. This update goes beyond merely enhancing the safety of succession transactions, expanding into a comprehensive after-sales management service for lease and rental customers. Now, users can comprehensively manage vehicle information, contract details, used car market prices, payment schedules, and more, and when disposing of a vehicle, they can quickly do so through the 'One-Click Succession Registration' feature. Currently, the automotive market is seeing a surge in vehicle disposal demand due to economic recession, but many consumers are struggling with high early termination penalties and complex succession procedures. To address these market difficulties, Carding has introduced a differentiated new car quotation service that links vehicle management services with succession transactions. Through this, it provides reasonable quotes for new car contracts by removing the 'bubble' of the existing distribution structure, systematic vehicle management services during vehicle use, and in case of early disposal, provides one-click succession registration and non-face-to-face safe transaction services that allow for secure vehicle transactions without the burden of termination penalties. Kang Ji-hoon, CEO of Carding, stated, “The process of vehicle management and disposal for lease and rental users must change to a more systematic and convenient method,” adding, “Carding will continue to innovate its services to establish itself as an essential platform for lease and rental users.” With this update, Carding has completed a lease and rental vehicle lifecycle value chain that connects new car quotes, vehicle management, and succession transactions. Existing users can also systematically manage their vehicles using the vehicle management feature, and in the future, when disposing of a vehicle, they can easily and safely do so through Carding's succession transaction system, thus providing optimal solutions at all stages of lease and rental usage.