CARLOTZ, GROUP, INC.
SAN FRANCISCO, CA

Why should I sell with CarLotz? If you have a car to sell, you’ve traditionally had two choices: (1) sell the car to a dealer, which can be convenient but generally leads to a low price; or (2) sell it yourself, which can generate a higher price than trading-in but is a time-consuming hassle that involves dealing with strangers. At CarLotz, you get the best of both worlds: thousands more than trade-in without the hassle of selling it yourself. Our typical seller makes $2,000-$4,000 more than wholesale trade-in value, and we do all the work. Just bring us your car, and we’ll help you pick a price. We inspect, detail, and photograph your car so it looks its best for potential buyers. We then list it for sale on our website and major car buying websites like AutoTrader, Cars.com, and CarGurus. In addition, we stage it for sale at our stores, which are located in high-traffic retail areas. We manage buyer inquiries 24×7, conduct test drives, negotiate a deal on your behalf, collect payment safely from the buyer, and do all the DMV paperwork. Once the car sells, we cut you a check. How long will it take to sell my car? Every situation is different, as pricing, condition, and supply of similar vehicles all impact the sales process, but the typical CarLotz vehicle sells in about 30 days. We promote all vehicles aggressively nationwide, follow up on buyer questions 24×7, and offer easy financing options, ensuring your vehicle sells as quickly as possible. How do you help me price my car? While you control the price throughout the process, we are experts at pricing vehicles and are here to help you price competitively. We’ll make a recommendation based on real-time sales listings for similar vehicles, auction sales data, and trusted vehicle pricing sources like NADA. If I have a loan or lease, can you still sell my car? Of course! Many of our sellers lease or have outstanding loans on their vehicles, which is one of the reasons they are drawn to our service. We help them obtain more value for their vehicle to pay off their loan or lease and hopefully a little leftover. Once we sell your vehicle, we will pay the lease or lien off directly and write you a check for any difference. We take an up-front listing fee of $199, which covers the work we do to prepare and market your vehicle for sale, including a state safety inspection, complete interior and exterior detail, a vehicle history report, professional photographs, ad copywriting, and various online classified listings. After we sell your vehicle, we take a $799 success fee directly from the sales proceeds. Our incentives are completely aligned: If we don’t sell your car, we don’t get paid a success fee. A flat-fee drives two important behaviors: (1) it ensures that CarLotz is equally motivated to sell ANY of the cars consigned regardless of price so that all customers are treated equally; and (2) it ensures a positive buying experience since we have no incentive to push a certain car on a buyer. In addition, CarLotz sellers typically make $2,000-$4,000 more than wholesale trade-in prices regardless of the cost of the car, and we designed our fee to be a reasonable portion of the value added. “CarLotz is a really cool idea, and the company culture refreshing. I can tell the company works hard to get the right people. They are not on commission, so it really changes the dynamic. The cars are also very competitively priced, they offer good financing options, and look to have a great selection. I will definitely consider them in the future for buying and selling.” “Excellent service. After getting really ‘low ball’ offers from dealers (new & used), I learned about CarLotz. It worked. My schedule didn’t allow time needed to do the sales stuff. That, and they’re better at it than I am. Also, didn’t want to subject my wife to doing that stuff. The sale went quickly, I ended up with about what Kelley’s listed. I’d recommend this for anyone who has a demanding, short notice, schedule.” “…easier and more lucrative for car owners to sell their vehicle privately.” “Sellers avoid the time, money, and hassle of putting their cars on the market themselves.” “CarLotz is a really cool idea, and the company culture refreshing. I can tell the company works hard to get the right people. They are not on commission, so it really changes the dynamic. The cars are also very competitively priced, they offer good financing options, and look to have a great selection. I will definitely consider them in the future for buying and selling.” “Excellent service. After getting really ‘low ball’ offers from dealers (new & used), I learned about CarLotz. It worked. My schedule didn’t allow time needed to do the sales stuff. That, and they’re better at it than I am. Also, didn’t want to subject my wife to doing that stuff. The sale went quickly, I ended up with about what Kelley’s listed. I’d recommend this for anyone who has a demanding, short notice, schedule.” Our sellers typically make thousands more than trade-in-value and sell in under 30 days. Selling We provide you access to an online portal to track the sales progress, so you’re always in the know. "Outstanding experience selling my car. I had tried to sell it myself putting considerable time and money to sell the car, but was not certain if I had priced it correctly. After two weeks of calls, emails and texts from mostly scammers selling the car myself…a friend mentioned CarLotz, which would take away this problem. They prepped the car very well and most importantly had great software to help me price it competitively. The entire process was two weeks. I wish I had heard of them from day #1." "Simply the most pleasant car buying experience I've ever had. Buyers get the benefit of not paying a dealer mark-up, and sellers make more money than they would on a trade in. Brilliant business model, and staffed by some of the most helpful, genuinely nice people around. After my experience at CarLotz, I can't imagine buying or selling my next car anywhere else. Flawless experience from start to finish. I'd absolutely recommend them to absolutely anyone!"