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HOW TO FINANCE TO CUSTOMERS

PostPosted: Sun Jan 13, 2019 7:23 pm
by William100.10368
Hello I am not a car dealer yet but I have flippped many cars in the past as well as gone to auto auctions .
I have always sold them cash , but now I have decided to open my own car lot and become a dealer .
So my question is how can I finance my cars on the lot to my customers ?
Can I finance my cars even if I have a Floorplan?
If anyone can answer me I truly appreciate it , and if you are selling to give me any other advice to a new upcoming dealer

- thank you

Re: HOW TO FINANCE TO CUSTOMERS

PostPosted: Sun Feb 03, 2019 12:17 am
by combs.3602
Hi William - You will need to get your finance license from your state. You will not be able to finance cars that are floored if not paid off. You will need to start with X amount of cash or paid for cars to finance. If you look somewhere on this forum you will see my outline how to start your own bhph. Good luck. Dennis Combs Combs Car Corral - Boise