Great replies here, glad to get some insight from the experienced parties on thus forum. Been in business nearly 2 years on my own now, and it’s going alright. I want to get financing in place, and I cannot get a clear answer from anyone. What‘s the rundown, who do I reach out to, are there options for me as I don’t have 3+ years in business? I have an account with RouteOne but haven’t been able to find any lenders that will work with me. I don’t dig the feeling I got from the sales team at DealFi, and frankly, I’m just trying to avoid the sharks. Where did you guys start?
Small Dealer Needs Advice
- Thread starter Ron Wynn
- Start date
I'd recommend starting with Westlake Financial. AFAIK, they don't require any business longevity. Their buy fees are high, but you can offset them with back-end products since they'll give you some room for that. They're geared towards subprime, but they usually offer somewhat acceptable rates to most of the spectrum. They have an online portal that will integrate with your RouteOne, though you won't really need RouteOne until you get other lenders on board. You can structure your deals, run credit, book vehicles, and get instant approvals through their own system. It's actually really nice, you may even want to use it as your DMS and CRM. It will let you print all your paperwork and does e-contracting too.
Hey guys, if anyone can help me with a small matter would highly appreciate it. I currently have a used car dealer license from Georgia. It shows I'm inactive for an inspection they said they made to my office which is false. I been conducting business , paying my taxes monthly. Now I'm inactive but a few cars have been sold , will my business being inactive will dmv deny my customers from registering? please reach out to me through text 6465086475 thank you
You have absolutely the best Independent Dealer Association in the nation.
Call these people. They understand the rules in GA and can help you.
Georgia Independent Auto Dealers Association
Clint
