Were salaries imputed in arriving at net income? If not why not? If not what wotuld the number be utilizing US GAAP?

Hey Robert, Great question! Yes, salaries were accounted for.

Hi. What was your revenue for 2020? Can you expand your projections to 2025? Also, is your product a good fit for major new and used car dealers or is your focus strictly on independent dealers?

Hi Leonardo, I hope all is well. We have been quite busy building the business and sourcing private funding to fill the remainder of the tranche. Thanks for your patience. Regarding revenue projection: To share a five year projection in a rapidly changing industry would be a disservice to you. We have three year projected financials in our pitch deck, that you can reference and project to 5 years as a guide. Regarding your question on product fit: Yes, our platform is fully scalable to the ma...

Hi, I like what your company is doing and clearly there is a need. Are you only targeting the used car industry and is so why not include the new car industry at some point. At some point would you try to go global? Thanks

Hey Tim, Great questions! Regarding why Independent Used Car Dealers: We believe the independent dealer used car industry provides the highest ROI/lowest hanging fruit. The Independent Used Car dealer is incredibly underserved with a $288 Billion a year space. Also, macro conditions driving used car purchases, as described in our pitch deck, are stronger than new cars. We do have plans to expand into Franchise dealers for their used cars later this year, which may eventually lead to business ...

What am I getting for early bird investing? Equity? Loan? What's the value of the stock I'm purchasing? My apologies if I missed it.

Mario, All of these answers can be found in our SAFE document, click the green invest button and it will be located under contracts. Take a look at it and if you still have questions, I am happy to assist.

I am an accredited investor; can my funds be transferred to Reg D? I didn't see an option to select while investing.

Hey Maulin, I hope all is well! Thank you for your investment into Automatic! All investments from the WeFunder community are going through the Reg CF. The Reg D is strictly being used for F&F at this time.

Automatic Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

FinTech platform with 965+ dealership partnerships, growing at 40% MoM despite COVID19.

Developed with licensed lender (Signal Auto Group): 13 yrs of experience, 1.7k dealers in 13 states.

Answering a clear need in a $1.3 trillion industry that stopped evolving in 2004.

Automatic translates to an 87.5% approval time reduction & 75% data entry time reduction.

Team has over 80 years of combined experience in FinTech, lending, and the auto industry.

Auto loans make up nearly 10% of all household debt, behind only mortgages and student loans.

Automatic

The Fintech platform that connects independent auto dealers and lenders

$1,377,416

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