Fifty 1 Labs Inc. (FITY)

Overview

Fifty 1 Labs, Inc. is a retail company specializing in the used vehicle market across the United States, primarily focusing on the buy here/pay here segment of the independent used vehicle sales and finance industry. The company specializes in the sale of used vehicles that are 2000 model year and newer and caters to customers looking for flexible financing solutions. As of December 31, 2010, Fifty 1 Labs, Inc. operated a total of two retail locations in Arizona, continuing its operations under its previous name, NowAuto Group, Inc. The company has its roots in the automotive finance sector, having been incorporated in 1998 and is currently based in Las Vegas, Nevada.

Products and Services

• Used Vehicles Sales

  Fifty 1 Labs, Inc. primarily offers a variety of used vehicles from model years 2000 and newer. This selection caters to a wide range of consumers looking for reliable transportation options at competitive prices.

• Buy Here/Pay Here Financing

  Specializing in the buy here/pay here model, the company provides an accessible financing option for customers who prefer to handle both vehicle purchase and financing directly through the dealership. This model is particularly beneficial for individuals with credit challenges.

• Sale Type Leases

  As part of its financing offerings, Fifty 1 Labs, Inc. provides related financing options through sale type leases. This enables customers to lease vehicles with the possibility of purchasing at the end of the lease term, thus providing flexibility in ownership.

• Customer Support and Consultation

  The company prides itself on offering dedicated customer support to assist buyers throughout the purchasing process. This includes guidance on financing options, vehicle selection, and any post-sale concerns.