peddle logo


peddle logo


peddle logo


How to Sell?

CarLotz Review 2024 – Is it Legit to Sell a Car?

Photo of author
Written by: Michael Becker
Last Updated:

DollarBreak is reader-supported, when you sign up through links on this post, we may receive compensation. Disclosure.

CarLotz Review

carlotz logo

Carlotz is a car selling service that individuals can use to sell their vehicles without being involved in the selling process. The company offers a consignment to retail sales in the vehicle selling industry. You register on the platform, make arrangements to drop off your car at Carlotz premises, set the price, and the platform will sell it for you. You can make up to $93,000 for your car.



Safe & Legit

Offers Value

Turnaround Time

Payment Process


  • Carlotz makes car selling easy
  • Accepts vehicles in any condition
  • Carlotz has good car prices
  • Updates sellers during the process


  • It charges hefty fees
  • It could be slow

CarLotz Reviews – Is CarLotz Legit?

CarLotz is a legit place to trade in a car or sell a car online. The Car buying platform has many positive reviews, on many online review sites.

Car sellers who have used CarLotz to sell their used cars laud the good customer service they receive on the platform. They also appreciate that the site keeps them updated during the car selling process.

CarLotz also has its downsides. One of the most common complaints some people have made about the dealership is that some salespeople fail to provide all the details of a vehicle, discouraging individuals from trusting the platform to buy used cars.

Review SiteCarLotz Rating
App Store4.9 out of 5 stars
Google Play Store4.8 out of 5 stars
Trustpilot3.5 out of 5 stars
DealerRater3.6 out of 5 stars
Cars.com4.9 out of 5 stars

Does CarLotz Give Good Offers?

CarLotz prices vehicles based on:

  • The vehicle’s condition
  • Real-time market data
  • Auction sales data
  • Vehicles’ prices on National Automobile Dealers Association (NADA) and Kelley Blue Book (KBB)

The table below illustrates how much you can get for your car with CarLotz.

Vehicle ModelYearSelling PriceWhat You Get After the $799 Fees
Volkswagen Golf GTI2016$16, 297$15,498
Subaru Crosstrek2019$26,799$26,000
Chevrolet Equinox2019$29,461$28,662
Ford F-2502016$35,795$34,996

Is It Worth Selling Car With CarLotz?

Using CarLotz to sell your car is worth your time, as the site takes care of every process for you, including handling buyers. You only take the car to CarLotz, set the price, pay $299 listing and detailing fees, and the company will take care of the rest car selling process for you.

You receive a check after CarLotz has sold your car, making the company ideal for vehicle selling without experiencing the trouble of the conventional car selling process.

Best CarLotz Alternatives

Best for Older & Damaged Cars

Peddle logo

Buys used, damaged or junk cars

Free tow and no hidden fees

Pays by ACH trasfer or check

Top Pick for Junk Cars

Wheelzy logo

Free, no-obligation cash offers

Offers free paperwork service

Pays on the spot upon pick up

Highly Rated by Customers

CarBrain logo

Excellent customer service ratings

Honors guaranteed offer for 7 days

Can pick up a car within 48 hours

Great for Low-Mileage Cars

Carvana logo

Gives a real offer in 2 minutes

100% hassle-free online process

Free car’s Value Tracker available

How to Sell a Car to CarLotz?

main steps of selling car with carlotz

Selling a used car to CarLotz entails following these steps:

  • Step 1: A consumer or corporate consigner registers on the platform and provides the vehicle’s details, including license plate number or VIN.
  • Step 2: CarLotz examines the vehicle to determine its reconditioning needs.
  • Step 3: The car selling service determines the vehicle’s price and gives the seller an offer. Then CarLotz will follow up and make arrangements for the seller to drop off the car.
  • Step 4: CarLotz inspects, cleans, and runs the seller’s vehicle safety report. Individuals can pay a $199 upfront consigning fee and an additional $100-120 fee to detail the vehicle fully.
  • Step 5: The car selling website photographs, lists, markets, negotiates prices, facilitates test drives, and sells the car on behalf of a private seller. 
  • Step 6: When a buyer makes an offer on the car, the seller can accept or reject it. CarLotz deducts a $799 fee from the car’s sales proceeds and gives you the remaining balance via cheque.

CarLotz FAQ

What is CarLotz?

The company was founded in 2011 by entrepreneurs Aaron Montgomery, Michael Bor, and Will Boland in Chesterfield County, Virginia. It is present in more than 8 locations across North Carolina, Illinois, Virginia, Texas, and Florida.

CarLotz has sold more than 16,000 vehicles since 2018, and in the first quarter of 2022, retail unit sales were 2,270 vehicles.

The table below shows the number of units CarLotz sold in three years:

YearNo. Of Vehicles Sold

The company’s Mission statement reads, “To provide the world’s best automotive retail experience.”

CarLotz offers car sellers an enticing value proposition, including a seamless and hassle-free selling experience. CarLotz has a market share of around 0.02% of the used vehicle sales market worth $841 billion.

The platform’s achievements include being the first company in the automotive selling industry to offer a consignment to retail sales.

Who is CarLotz best for?

CarLotz is best for sellers who want a simplified selling transaction and reasonable prices for their used cars. Sellers only need to take their vehicles; the platform will help them set the best car prices.

Sellers with newer cars benefit from selling them via CarLotz because they can get more money for their cars. Hence, the listing and after-sales fees will not dent their profits as much as they would for someone with an older car whose value is much less, leaving them with meager profits after Calotz deducts the service fees.

The platform takes care of other details, including marketing the car, DMV paperwork, and collecting the payment on behalf of the seller. Once they sell the used car, the seller will only show up to collect a check from CarLotz’s facilities.

CarLotz payment options

CarLotz pays sellers via check; sellers receive it by picking it up from their facilities once a buyer has paid for it. You can cash in the check into your account or withdraw the money.

What types of vehicles does CarLotz purchase?

CarLotz purchases vehicles in various conditions, including junk, old, water-damaged, wrecked or used.

How fast can you sell your car with CarLotz?

On average, CarLotz takes about 34 days to sell a used car. Each vehicle listing is viable for 120 days. CarLotz tries to sell the car as quickly as possible by aggressively marketing it nationwide, handling potential buyers’ queries, and giving buyers financing options.

CarLotz fees

CarLotz FeesAmount
Upfront consigning fee$199
Full detailing fee$100-120
After-sales fee$799

How good is CarLotz support?

CarLotz support is professional, friendly and welcoming. If you encounter problems while using the platform, you can email them, call their customer service hotline, or contact them on their social media pages.

Why should I sell a car with CarLotz?

You should sell your Car with CarLotz because it solves the hassle of selling it yourself. You only need to hand over the car to the site, and CarLotz will sell it for you.

How does the platform price cars?

CarLotz prices cars based on their condition, real-time market data, auction sales data, and vehicle prices on National Automobile Dealers Association (NADA) and Kelley Blue Book (KBB).

Can I sell my car with a loan or lease?

Yes, you can sell your car if you have a loan or lease. CarLotz sells the car, pays the loan or lease directly, and writes you a check if there is a balance.

Photo of author

Michael Becker


About the author:

Michael Becker is a car enthusiast and expert who has been working in the automotive industry for over 15 years. He started his career as a salesperson at a local dealership, where he learned the ins and outs of the car market. Then he moved on to flipping cars for a profit.

Michael has also helped many of his relatives and friends to sell their cars, using his knowledge and skills to get them the best deals. He will guide you through the process and help you avoid the common pitfalls.

The content on is for informational and educational purposes only and cannot replace any professional financial advice.
Conduct your own research and seek the advice of a licensed financial advisor. Please read the full Terms of use and Privacy Policy.