May 28, 2025 – CRED has introduced a new car valuation and resale feature on its vehicle management tool, CRED Garage, enabling members to check their car’s market value and sell it with ease. Partnering with CARS24 and Spinny, the feature offers instant valuations, free doorstep inspections, and fast payments, all while maintaining user privacy.
Designed for over 70 lakh CRED members who already use the platform to manage challans, insurance, and compliance, the new tool offers a spam-free, digital-first resale experience. Member information remains private until they choose to book an inspection.
How it works:
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Members enter a few details on CRED Garage to receive an instant car valuation.
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If interested, they can schedule a free home inspection.
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Once an offer is accepted, partners handle the entire resale process, including paperwork and ownership transfer.
Akshay Aedula, Product & Growth, CRED, said, “This feature completes the vehicle ownership journey on CRED—helping members unlock value with a premium, hassle-free resale experience in line with their high-value assets.”
Gajendra Jangid, Co-founder & CMO, CARS24, added, “We’ve simplified car selling end-to-end. This partnership extends that ease to CRED’s trusted member base at a crucial point in their ownership journey.”
With over 37% of users managing more than one vehicle, this feature enhances CRED Garage as a comprehensive, member-first car ownership platform.
