Who funds used car dealerships?
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  1. 04-29-2014, 12:07 PM #1
    Rob Buchanan
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    Here are 5 MCA names who have funded car dealerships new and or used in the past 6 months.

    MERCHANTS CAPITAL ACCESS LLC
    YELLOWSTONE CAPITAL LLC
    STRATEGIC FUNDING SOURCE INC
    SOUND GARDEN
    MERCHANT CASH & CAPITAL LLC
    Rob Buchanan
    Data Axle
    402-836-1206
    rob.buchanan@data-axle.com
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  2. 04-29-2014, 01:01 PM #2
    Chambo
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    Quote Originally Posted by Rob Buchanan View Post
    Here are 5 MCA names who have funded car dealerships new and or used in the past 6 months.

    MERCHANTS CAPITAL ACCESS LLC
    YELLOWSTONE CAPITAL LLC
    STRATEGIC FUNDING SOURCE INC
    SOUND GARDEN
    MERCHANT CASH & CAPITAL LLC
    SFS doesn't do Auto Dealers anymore
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  3. 04-29-2014, 01:51 PM #3
    Ocean Financing
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    Car dealerships have the smallest margins, plus you're dealing with used car salespeople who will tell you anything for money. In my experience ive seen an almost 30-40% default rate in this industry.
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  4. 04-29-2014, 02:56 PM #4
    Ryan Shiroky
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    Quote Originally Posted by Ocean Financing View Post
    Car dealerships have the smallest margins, plus you're dealing with used car salespeople who will tell you anything for money. In my experience ive seen an almost 30-40% default rate in this industry.
    yep... not only that, the deposits will vary drastically month to month...
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  5. 04-29-2014, 01:37 PM #5
    Ryan Shiroky
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    Quote Originally Posted by Rob Buchanan View Post
    Here are 5 MCA names who have funded car dealerships new and or used in the past 6 months.

    MERCHANTS CAPITAL ACCESS LLC
    YELLOWSTONE CAPITAL LLC
    STRATEGIC FUNDING SOURCE INC
    SOUND GARDEN
    MERCHANT CASH & CAPITAL LLC
    Sound Garden is CAN capital
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