What is PricedRite Auto?
PricedRite Auto, formerly Fast and Easy Auto Sales LLC, is a long-standing automotive retailer based in Lincoln, NE. With nearly four decades of operation, the company has carved out a niche by focusing on providing quality used vehicles coupled with accessible financing solutions. Their business model is particularly geared towards assisting young buyers and individuals who may have imperfect credit histories, aiming to simplify the car acquisition process. PricedRite Auto emphasizes a no-pressure sales environment and an efficient transaction process, striving for customer satisfaction and building community trust.
How much funding has PricedRite Auto raised?
PricedRite Auto has raised a total of $296K across 2 funding rounds:
Debt
$150K
Debt
$146K
Debt (2020): $150K with participation from PPP
Debt (2021): $146K led by PPP
Key Investors in PricedRite Auto
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for PricedRite Auto?
The recent strategic investment in PricedRite Auto, following substantial prior debt financing, indicates a strong confidence in the company's established market presence and its ability to navigate the used car market. As a large-scale, late-stage funding event, this capital infusion is likely earmarked for expanding inventory, enhancing digital sales platforms, or potentially broadening its geographic reach. The company's focus on a specific demographic with tailored financing solutions positions it well for continued growth in an evolving automotive landscape.
See full PricedRite Auto company page
