It has grown rapidly because it sells 100% of its car, home and single-item insurance policies without human intervention. <\/p>\n\n\n\n
It recently raised $38 million (about R700 million) in its latest Series B2 funding round, which it will use in its expansion plans. <\/p>\n\n\n\n
The funding round included funds from impact investor Global Impact Investor BlueOrchard and existing funders Hollard, Yellowwoods, the IFC, and Germany\u2019s development finance institution.<\/p>\n\n\n\n
North has, however, warned South African motorists about several habits that can hurt their car’s resale value. <\/p>\n\n\n\n
When selling a car, South Africans want to get the best price possible. However, many people make mistakes that devalue their cars.<\/p>\n\n\n\n
This means that many get less money in their pockets when they sell or trade their car in.<\/p>\n\n\n\n
Skipping services and maintenance <\/h2>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2023\/10\/car3-e1742983924483-1024x577.jpg\")
<\/a><\/figure><\/div>\n\n\nServicing your car each year or taking it in for repairs when warning lights come on may seem expensive. However, small issues can quickly turn into big, expensive problems. <\/p>\n\n\n\n
Buyers will pay more for a vehicle that has been well-maintained and has a full-service history. <\/p>\n\n\n\n
Using authorised dealers and RMI-approved workshops for services and repairs will also boost a buyer\u2019s confidence in a car.<\/p>\n\n\n\n
Missing services may also invalidate a warranty, meaning that you won’t be covered for any large repairs. <\/p>\n\n\n\n
It could also hurt your insurance claims. If accidents are linked to neglect, such as brake failure, an insurer might refuse to pay your claim because the accident could have been via reasonable care. <\/p>\n\n\n\n
Not fixing small dents and scratches<\/h2>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2023\/10\/car2-e1742984079191-1024x577.jpg\")
<\/a><\/figure><\/div>\n\n\nAlthough a small scratch on a door or a dent on a bumper might not seem like a big deal, leaving these imperfections unattended could reduce one’s car’s resale value down the line. <\/p>\n\n\n\n
A minor scratch can lead to rust or corrosion, decreasing a car’s value and leading to additional repair costs.<\/p>\n\n\n\n
“It can also create the impression you\u2019re not looking after your car. Even if it\u2019s inconvenient and costly, try to get dents and scratches repaired as soon as they happen,” said North. <\/p>\n\n\n\n
Another tip for those with car insurance is to consider whether the repair cost is higher than your excess and if the cost justifies risking your no-claims bonus.<\/p>\n\n\n\n
If another insured driver caused the damage to your car, your insurer should be able to help you claim against them.<\/p>\n\n\n\n
Losing the Paperwork<\/h2>\n\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2023\/02\/naked-insurance-e1742983955991-1024x577.jpg\")
<\/a><\/figure><\/div>\n\n\nDocumentation, including service records, repair invoices, and the vehicle’s handbook, is also key and increases a buyer’s confidence in one’s car.<\/p>\n\n\n\n
The buyer will believe that the car has been taken good care of and that the seller is transparent about its history.<\/p>\n\n\n\n
Adding aftermarket modifications<\/h2>\n\n\n
<\/a><\/figure><\/div>\n\n\nServicing your car each year or taking it in for repairs when warning lights come on may seem expensive. However, small issues can quickly turn into big, expensive problems. <\/p>\n\n\n\n
Buyers will pay more for a vehicle that has been well-maintained and has a full-service history. <\/p>\n\n\n\n
Using authorised dealers and RMI-approved workshops for services and repairs will also boost a buyer\u2019s confidence in a car.<\/p>\n\n\n\n
Missing services may also invalidate a warranty, meaning that you won’t be covered for any large repairs. <\/p>\n\n\n\n
It could also hurt your insurance claims. If accidents are linked to neglect, such as brake failure, an insurer might refuse to pay your claim because the accident could have been via reasonable care. <\/p>\n\n\n\n
Not fixing small dents and scratches<\/h2>\n\n\n\n<\/a><\/figure><\/div>\n\n\nAlthough a small scratch on a door or a dent on a bumper might not seem like a big deal, leaving these imperfections unattended could reduce one’s car’s resale value down the line. <\/p>\n\n\n\n
A minor scratch can lead to rust or corrosion, decreasing a car’s value and leading to additional repair costs.<\/p>\n\n\n\n
“It can also create the impression you\u2019re not looking after your car. Even if it\u2019s inconvenient and costly, try to get dents and scratches repaired as soon as they happen,” said North. <\/p>\n\n\n\n
Another tip for those with car insurance is to consider whether the repair cost is higher than your excess and if the cost justifies risking your no-claims bonus.<\/p>\n\n\n\n
If another insured driver caused the damage to your car, your insurer should be able to help you claim against them.<\/p>\n\n\n\n
Losing the Paperwork<\/h2>\n\n\n\n<\/a><\/figure><\/div>\n\n\nDocumentation, including service records, repair invoices, and the vehicle’s handbook, is also key and increases a buyer’s confidence in one’s car.<\/p>\n\n\n\n
The buyer will believe that the car has been taken good care of and that the seller is transparent about its history.<\/p>\n\n\n\n
Adding aftermarket modifications<\/h2>\n\n\n
<\/a><\/figure><\/div>\n\n\nAlthough a small scratch on a door or a dent on a bumper might not seem like a big deal, leaving these imperfections unattended could reduce one’s car’s resale value down the line. <\/p>\n\n\n\n
A minor scratch can lead to rust or corrosion, decreasing a car’s value and leading to additional repair costs.<\/p>\n\n\n\n
“It can also create the impression you\u2019re not looking after your car. Even if it\u2019s inconvenient and costly, try to get dents and scratches repaired as soon as they happen,” said North. <\/p>\n\n\n\n
Another tip for those with car insurance is to consider whether the repair cost is higher than your excess and if the cost justifies risking your no-claims bonus.<\/p>\n\n\n\n
If another insured driver caused the damage to your car, your insurer should be able to help you claim against them.<\/p>\n\n\n\n
Losing the Paperwork<\/h2>\n\n\n\n<\/a><\/figure><\/div>\n\n\nDocumentation, including service records, repair invoices, and the vehicle’s handbook, is also key and increases a buyer’s confidence in one’s car.<\/p>\n\n\n\n
The buyer will believe that the car has been taken good care of and that the seller is transparent about its history.<\/p>\n\n\n\n
Adding aftermarket modifications<\/h2>\n\n\n
<\/a><\/figure><\/div>\n\n\nDocumentation, including service records, repair invoices, and the vehicle’s handbook, is also key and increases a buyer’s confidence in one’s car.<\/p>\n\n\n\n
The buyer will believe that the car has been taken good care of and that the seller is transparent about its history.<\/p>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2023\/01\/bmw-fine-traffic-fine-1024x683.jpg\")
<\/a><\/figure><\/div>\n\n\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/07\/red-car-1024x576.jpg\")
<\/a><\/figure><\/div>\n\n\n