CarLotz joins Car Capital as a new dealership group partner
“Car Capital welcomes CarLotz as an important addition to our thriving network of dealer partners,” said Cory R. Cox, Chief Revenue Officer at Car Capital. “CarLotz’s innovative model fully aligns with the ideals of Car Capital and our shared goal of helping typically underserved customers in the marketplace.”
Car Capital’s partner dealerships have access to a proprietary SaaS platform, Dealer Electronic Auto Loan System (DEALS), which gives them the ability to approve up to 100% of generally credit-challenged car buyers who come to their dealerships, allowing these consumers to have greater confidence in their ability to purchase a vehicle from CarLotz dealerships. In DEALS, partner dealers can make real-time changes to offer conditions based on the economy of each car and each consumer, and dealers can earn an end profit on their sales determined by performance, at the instead of the common and industry-standard minimum portfolio size. requirement.
About Car Capital
Car Capital, a wholly owned subsidiary of Car Capital Technologies, Inc., was founded to provide dealers with capital and cutting-edge technology to help all consumers buy the cars they need. The management team, each with decades of industry experience, and all of their talented associates have come together to create an exceptional company to make car buying better for everyone. For more information, contact Car Capital at [email protected] or visit carcapital.com.
For more information, contact Car Capital at [email protected] or visit carcapital.com
Automotive capital SOURCE