What is LotBlok?
LotBlok is a platform that allows anyone to liquidate their used vehicles directly at auction. Unlike companies like CarMax which utilize an auction quote to make undervalued offers (think auction quote minus $1000-$2500), LotBlok allows the entirety of that quote to go directly into your pocket.
LotBlok gives you a direct quote of what your car will likely sell for at auction in less than a few hours.
Simply put, we cut out all of the middlemen. Lotblok connects consumers to the massive dealer network which auction houses have made their name off of. We make the hassle of selling your vehicle a thing of the past.
Getting Started
To get started, simply visit https://lotblok.com/offer/. You’ll be asked to fill out a few basic questions regarding your vehicle and can easily scan the VIN number to pre-populate the fields.
From there, LotBlok queries auction houses to get an estimate of what similar cars have sold for in the past. Once the query is complete, you’ll receive an email with two different offers.
The first offer allows you to liquidate the vehicle instantly. Once you press “Accept”, the car is picked up and you’re paid within 48 hours. After filling out our online vehicle onboarding form, all you have to do is sign a few DMV documents and you’re done! Your car is sold and a check is on the way.
The second offer gives you a ballpark of what we expect your car to sell for at auction. Rather than being paid on the spot, LotBlok will run your vehicle through our established auction network.
This process entails us sending a third party to your home to conduct a quick condition report on the vehicle in question. We’re actively in contact throughout the entire process to relay information surrounding appointment time, auction timing and final sale price.
If for any reason it doesn’t sell for a higher amount, the original bid we gave you is always guaranteed. After the auction is over, we pick up the vehicle and write you a check on the spot!
The best part of LotBlok is that you always receive the payment at your home, office, or other desired location. We handle all transportation and take the headache out of title transfers. If you have a loan on your car and a little bit of equity, LotBlok makes the whole payoff.
For Dealers
Now if you’re a dealer reading this, there’s an immense opportunity for upstream inventory. So long as you’re a licensed dealer in your state, we strongly recommend signing up at https://app.lotblok.com/login to see a full list of all the vehicles we have available. Otherwise, your Manheim login is the perfect portal for where our cars are being sold. We are currently in talks with a number of major auction houses to establish LotBlok specific lanes.
Conclusion
Since launching the newest version of our platform just two months ago, we’ve processed just under 100 vehicles and have handled over $1.3M of inventory. In the next few months, we’ll be expanding our operation to the entire west coast including Oregon, Washington, Nevada and Arizona. Our process has been working seamlessly and is being extremely well received.
Don’t believe us? Take a look at our reviews to let our customers do the talking for us.
For more information on LotBlok, be sure to stay up to date with us on socials linked below. If you’re interested in getting involved or have any other questions about the process, please reach out to us at hello@lotblok.com or via our contact form.
LotBlok — Bringing the auction to your driveway
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