Used Car Dealership
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  1. #1
    Senior Member Reputation points: 5023
    Join Date
    Apr 2015
    Location
    Florida, First MCA sold in 85/ WS in 76. CFP/RIA, series 3,6,7,8,10,63,Ins218,220.
    Posts
    554

    I know of plenty of funders who will now entertain car dealers (they didn't before). I do not know of any funders that will beat Can when they want something. I do alot with them and when I see them on a potential client, I walk away. Just like ondeck or other funders doing low rates for a or b paper. You might be well off waiting for the 30 days and then not charging a fee to your client. In the older days we had what was called an agent of record which would allow the client to pick his broker, alas it is not available nowadays.

  2. #2
    Member Reputation points: 11
    Join Date
    May 2015
    Location
    NYC via Detroit
    Posts
    17

    Who would you recommend that would look to fund this industry? Unfortunately the lockout period is for 90 days.

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