The Car has become a major living asset & expense. What if we could be better manage a car to maximise life cycle costs and asset value, saving time and money for the car Owner. When the car is taken to the shop, the average customer does not have enough information to make a knowledgeable decision with the unique surprises which are added onto the general car maintenance requirements shown in the service manuals; this situation is coupled with the fact that it is in the best interest of the car maintenance shop to upschedule car maintenance and repairs to increase shop profit.
Create an Car Management App which: 1. Lets you know when your car needs servicing or replacement 2. Finds the best service provider 3. Makes appointments for you based on quality care, cost and location 4. Finds best local fuel cost 5. Finds lowest insurance costs 6. Updates on licensing deadlines and closest licencing centres
The Application becomes a knowledge-based, Owner's representative using machine learning to analyse the life-cycle care requirements of the car and make decisions based on the recommendations from the car shop. The system can be access from the dashboard, or a smartphone.
1. The Application will direct the Owner to the appropriate maintenance garage, charging 1% of the total shop fee. 2. Once the data base reaches critical mass it, will provide consumer report information for a membership fee.
Go To Market Plan
Start with the Toronto marketplace and once customer fit is reached, expand to other N.A. cities.
We are responding to the current situation where the Owner basically takes the shop owners deal, or searches for a better deal themselves. Ours is the only system that takes input and provides the most Owner-appropriate shop to go to within seconds.
UI designer, Programmer and Sales Manager.
Financial Projections and Key Metrics
Annual cost of a mid size car for depreciation and maintenance (CAA): $6,739 Amount attributed to Maintenance only (Consumer reports): 7% = $472 Amount of cars in Ontario: 11,438,574 Overall maintenance cost of cars in Ontario alone: 11,438,574 x $471.74 = $5.39B
Current Status, Accomplishments to Date, Timeline and Use of Funds