Carlotz Inc (LOTZ)

[georgie18]

LOTZ...$8.70...in the P/M... RICHMOND, Va., March 11, 2021 (GLOBE NEWSWIRE) -- CarLotz, Inc., (NASDAQ: LOTZ), the nation’s largest consignment-to-retail used vehicle marketplace, announced today that it has entered into a multi-faceted strategic relationship with Ally Financial, a leading digital financial services company, which includes consumer and inventory financing, remarketing, and additional finance and insurance offerings for CarLotz’ car buyers. Ally’s new financing and expansion of its strategic relationship with CarLotz will support CarLotz’ continued growth and national hub rollout.

The new, expanded relationship between CarLotz and Ally will provide a number of key benefits to CarLotz and its customers, including:

Enhanced financing options
Remarketing opportunities
A streamlined financing transaction process
Additional F&I product offerings