Otoplus, an auto startup owned by OLX Group-backed horizontal LetGo Turkey, has introduced used car financing in collaboration with financial services company Garanti BBVA.

Auto loan applications can be completed virtually in half an hour, according to a news statement published by Anadolu Agency.

Run on an o-to-o business model, Otoplus.com buys and sells used cars. Since its founding last year, the company has expanded to operate 50 purchasing centers in 24 cities.

“Thanks to our cooperation with Garanti BBVA, one of the largest banks in Turkey, our customers do not have to go to a bank branch, and they can get a vehicle inside the store. We save time and comfort by offering access to the loan in 30 minutes, so that our customers will experience flexibility and convenience in financing while finding the most suitable vehicle for their needs from a wide product portfolio,” said Tuluy Noyan, general manager at Car Transactions LetGo.

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