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  1. jkathary171

    New to the game! Independent Dealers HELP Please!

    Just an update! The local banks want at a minimum of 6 months bookkeeping, bank statements, ect; before they'd be willing to work with me on a floor plan. However, Nextgear contacted me Friday, and notified me that I was approved for $225,000.00 Floor Plan "Which is just enough to cover the...
  2. jkathary171

    New to the game! Independent Dealers HELP Please!

    I already have a whole list of companies that specialize in Floor Plans. What I am looking for is advice and information relating to which companies are the easiest to work with, have the lowest rates, have the dealers best interest in mind, and have the lease amount of requirements for lets say...
  3. jkathary171

    New to the game! Independent Dealers HELP Please!

    Let me add a little more information that may help with this matter. Currently my credit score is only a 645 according to Equifax. I don't have a whole lot of a credit profile to go off of. Only 1 credit card that's been open for 5 years with no missed payments, and federal student loans. My...
  4. jkathary171

    New to the game! Independent Dealers HELP Please!

    Hello Everyone, I am new to the Dealer World. Currently, I am in the process of taking over a Independent Used Auto Sales operation. The current owner has been in the field for 12 years now. He started with the lot that I am taking over which can hold approx. 40 to 50 vehicles. He then built a...
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