Chabot Mobility said on the 11th that it launched the used-car transaction finance service "Chabot Pay" in partnership with Toss Payments.
Chabot Pay is a payment service dedicated to used cars that uses cards and capital. Customers can keep using their existing cards, and it is configured to allow cash and installments to be combined. When using Samsung Card, the 24-month service fee is set at 9.9% (capital loan interest rate about 9.2%).
The service was implemented based on Toss Payments' payment infrastructure and Chabot Mobility's dealer network. Through this, customers can choose from various payment methods, and dealers can proceed with transactions through card payments.
Chabot Pay can be used through "Cha Team Leader," a management app for used-car dealers. "Cha Team Leader" is a platform that supports listing management, consultations, contracts, and financial payments, and the introduction of this service has increased the available payment options.
Kang Byung-hee, vice president of Chabot Mobility, said, "By partnering with Toss Payments, we have expanded the financial options available during the used-car transaction process," adding, "We will operate the service to provide practical convenience to both customers and dealers."