Wednesday 19th September, 2018
Helping the owners of classic and collector cars maintain provenance and maximise future value, carvault, a new UK-based start-up, has launched an innovative cloud service to safely store and manage the entirety of a vehicle’s documents and service history.
The web-based carvault subscription service can be quickly and easily accessed via a desktop or mobile-friendly web app, allowing both owners and dealers to upload a car’s paper-based history on a secure digital platform.
With a large portion of any car’s value tied up in its history, carvault and its founder Benjamin Willis understand that curating any car’s past and preserving it online is key to its future value. Preventing lost, stolen or destroyed documents, carvault ensures that any paper-based history is protected forever with a digital copy. What’s more, this portfolio of documents can even be validated through the company’s community of knowledgeable enthusiasts and specialists.
From old invoices, certificates, tax records and even historical V5s to prove provenance, carvault’s secure, blockchain-inspired solution digitally preserves a car’s history and protects the vehicle’s value. Should paper copies be lost, stolen, or destroyed, carvault has the secure, digital copy back-up that cannot be changed or deleted.
Understanding that preserving value also goes beyond a car’s digitally-secure history, carvault has another trick up its sleeve. Once signed up, all owners and members have a wealth of discounted ancillary services at their fingertips. From car storage to transportation and logistics, event insurance and even tickets to events, carvault is a one-stop solution for classic and collector cars to maintain provenance and maximise retained value.
The membership process to secure a car’s paper footprint is simple. All new users are invited to upload their car’s registration number to start the digital journey. While the DVLA will upload historical tax and MOT information to each car’s profile, carvault takes over by allowing users to store all of the vehicle’s important paperwork. Members can either upload directly from their mobile device using their smartphone’s camera or scanned files via the desktop site.
With a background in the automotive industry specialising in high-end sales and valuations, Willis, said, “A car’s history is key to getting the best valuation, but most people take little consideration to protect it. With carvault, classic car storage now moves beyond the physical and into the digital.”
All new members are invited to activate their free subscription and upload their car(s)’ vital paper information via www.carvault.io.
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