Funding
Funding not disclosed
Founders
Product
Problem
Prospective vehicle buyers face challenges in accurately estimating the total cost of ownership due to the complexity of factoring in various fees and ongoing expenses. This lack of transparency can lead to underestimation of financial commitments, impacting budgeting and purchasing decisions.
Solution
Trekko provides a comprehensive, personalized cost estimation platform for vehicle acquisition. The system breaks down all anticipated expenses, including loan amortization schedules, registration fees (marchamo), insurance premiums, and projected fuel consumption. Users input specific vehicle details, financing terms, and usage patterns to generate a detailed financial overview. This enables informed decision-making by presenting a clear picture of the total financial outlay associated with vehicle ownership.
Target Audience
The platform targets individuals actively researching and planning to purchase a vehicle, seeking a detailed financial breakdown before committing to a purchase.
Features
- **Vehicle Cost Input:** Allows users to specify purchase price, transfer inclusion, model year, and down payment amounts.
- **Loan Amortization Calculation:** Integrates annual interest rates, bank commissions, loan terms in years, and estimated insurance costs to generate monthly payment projections.
- **Registration Fee Estimation:** Utilizes a tiered percentage-based system tied to vehicle value for calculating the annual 'marchamo' (registration tax).
- **Fuel Cost Projection:** Calculates estimated monthly fuel expenses based on fuel price per liter, monthly mileage, vehicle fuel efficiency (km/l), and tank capacity.
- **Transfer Cost Breakdown:** Details associated costs for legal ownership transfer, including transfer taxes, stamp duties, and estimated legal fees.
- **User-Defined Parameters:** Enables customization of inputs for interest rates, commissions, and insurance percentages to reflect specific financial scenarios.