Sometimes the consumer does come first. PowerBand Solutions (TSXV: PBX) this morning announced that it has put the consumer first when it comes to the large purchases they make on the DRIVRZ virtual transaction platform. The company will be offering drivers up to 14 days to return and exchange a car or truck that they purchased on the virtual transaction platform.
Similar to the recently revoked seven day return policy that Tesla previously offered, consumers that purchase a vehicle on the DRIVRZ platform will be able to return their vehicle for a period of fourteen days if they are unsatisfied with their purchase for any reason. Consumers will be able to exchange the vehicle they purchased for one of similar or greater value with no mileage charges for up to 500 miles within the first fourteen days after acquiring the vehicle.
The program is being offered through D&P Holdings, the Texas-based national insurance administrator that is currently a strategic partner of the company. The offering is one of several features of D&P. The company will also be offering GAP insurance to drivers to cover the difference between debt owing and money paid out in the event of a total loss accident, as well as products to protect the profits of automotive dealers in the event of early lease termination or vehicle repossession.
“This is another important signal that DRIVRZ puts the driver first when they use our virtual transaction platform that makes acquiring car as easy as buying a product on Amazon. Buying a car or truck is a major purchase and we believe that drivers should have two weeks to determine if their vehicle fits their needs.”
Kelly Jennings, CEO of PowerBand Solutions
PowerBand Solutions last traded at $0.24 on the TSX Venture.
Sponsored · Selkirk Copper Mines
FULL DISCLOSURE: PowerBand Solutions is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover PowerBand Solutions on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
