[aredmond]

Anybody doing these with 8 month terms or longer anymore? Seems like everyone has finally boarded the "No No" train or the 6 month max train? Anyone out there still taking risks on these puppies

[Zach]

I will take a risk on those. Send it my way

[J.Celifarco]

Sending to Zach and collateralizing probably your best bet if you need terms 8 months or longer.. Other then that it is short term or auto decline at most of the other banks

[Zach]

Sending to Zach and collateralizing probably your best bet if you need terms 8 months or longer.. Other then that it is short term or auto decline at most of the other banks

Thank you John!

[aredmond]

Thank you John!

They don't have real estate collateral

[Chambo]

I will take a risk on those. Send it my way

No auto dealer in their right mind would use their cars as collateral. You are going to lien those cars....so now they cannot sell them? Someone walks onto their lot and says "I want THAT car and I will pay cash." they're not going to oblige, due to some financing lien?

[Zach]

No auto dealer in their right mind would use their cars as collateral. You are going to lien those cars....so now they cannot sell them? Someone walks onto their lot and says "I want THAT car and I will pay cash." they're not going to oblige, due to some financing lien?

Great point Chambo, I will make sure to mention that to any lenders that use vehicles as collateral.

[Zach]

They don't have real estate collateral

Bummer! Maybe the next one

I think IOU central funds auto dealers if they have 15+ monthly deposits and decent credit.

I've also seen a newer one, Camana Capital. They gave a client I was competing on a 1.22 for 5 months -- granted, it's not a long term, but still an awesome deal for a dealership.

[aredmond]

Bummer! Maybe the next one

I think IOU central funds auto dealers if they have 15+ monthly deposits and decent credit.

I've also seen a newer one, Camana Capital. They gave a client I was competing on a 1.22 for 5 months -- granted, it's not a long term, but still an awesome deal for a dealership.

Appreciate it. Unfortunately I need a longer term so I can get a higher dollar amount based on monthly affordability.

[rick_clsfunding]

Credibly used to if they're doing $40k+/mo in deposits...I assume they're still funding them, but you never know...

[LoanMe]

LoanMe can take a look at Auto Dealers. We do not have any restricted industries other than "Non-Profits".

We are a direct lender (100% funded in house) offering unsecured simple interest business loans with MONTHLY payments. Our terms range from 24-180 months. No pre-payment penalty, so borrowers can pay off early avoiding future interest charges.

Please contact us for more information