Startups
Times are changing in the automotive industry when it comes to purchasing. Filled with haggling and hassles, the consumer is tired of the current car buying process and is looking for a better option where they are in control.
Leapfrog is the only service that places the consumer in the driver's seat, controlling their entire new vehicle buying process. Our service enables the consumer to ‘skip the salesman’ to find the vehicle they want, bid a fair price, and complete their purchase - all online
How do we do this? We make it simple. Instead of driving from dealer to dealer to try to find the car they want and negotiate the best price, Leapfrog (leapfrog.bid) lists all the new vehicles available within their search area that match what they’re looking for, shows them all of the pricing data for that specific car, including dealer costs and incentives, and then allows the customer to bid the price they think is fair.
If their bid amount matches a dealer price in their search area, the purchase is confirmed online, the actual car is removed from dealer inventory and held for them. The customer only sees the dealer to pick up their new car and sign the paperwork.
It is a win-win for both the customer and the dealer. The customer is in total control of the buying process, taking every step under their terms. The dealer sells their vehicle at the price they have set and gain sales, service and financing opportunities. The dealership will never experience a negative ROI, as Leapfrog only charges a sales fee on fail sales.
Leapfrog offers an easy way to buy and a better way to sell.
Leapfrog is the only service that places the consumer in the driver's seat, controlling their entire new vehicle buying process. Our service enables the consumer to ‘skip the salesman’ to find the vehicle they want, bid a fair price, and complete their purchase - all online
How do we do this? We make it simple. Instead of driving from dealer to dealer to try to find the car they want and negotiate the best price, Leapfrog (leapfrog.bid) lists all the new vehicles available within their search area that match what they’re looking for, shows them all of the pricing data for that specific car, including dealer costs and incentives, and then allows the customer to bid the price they think is fair.
If their bid amount matches a dealer price in their search area, the purchase is confirmed online, the actual car is removed from dealer inventory and held for them. The customer only sees the dealer to pick up their new car and sign the paperwork.
It is a win-win for both the customer and the dealer. The customer is in total control of the buying process, taking every step under their terms. The dealer sells their vehicle at the price they have set and gain sales, service and financing opportunities. The dealership will never experience a negative ROI, as Leapfrog only charges a sales fee on fail sales.
Leapfrog offers an easy way to buy and a better way to sell.
Overview
Location
Canada, British Columbia, Vancouver
Employees
11-50
Phone
+1 888-997-7929 Ext 2
Founded date
2014
Mentions in press and media 3
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| May 10, 2019 | LeapFrog closes third impact fund at $700m, to target Asia, Africa investments | Premium LeapFrog Investments has announced the close of its third emerging markets-focused impact fund at $700 million, surpassing its initial target of $600 million, according to a press release. Continue reading this story with a subscrip... |
| Apr 30, 2015 | LeapFrog leads $45m investment in Indonesia’s Reliance Capital Management | Premium Private equity firm LeapFrog Investments has lead a $45 million investment in Indonesian financial services provider Reliance Capital Management. This marks the emerging markets investor’s first deal in Indonesia. Continue reading t... |
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FAQ about Leapfrog
When was Leapfrog founded?
Leapfrog was founded in 2014.
What has the press written about Leapfrog?
Parsers VC has collected 3 articles mentioning Leapfrog, among them “LeapFrog closes third impact fund at $700m, to target Asia, Africa investments” (May 10, 2019) and “LeapFrog leads $45m investment in Indonesia’s Reliance Capital Management” (Apr 30, 2015).
Is Leapfrog still active?
Yes, Leapfrog is active; its latest activity on Parsers VC dates from Mar 10, 2021.