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So which one are you getting
How does the financing work on these operations, anyone know? If all those cars are bought and paid for by the dealer/ship, that's serious amount of capital tied up.
That California has got your name on it dude...
How does the financing work on these operations, anyone know? If all those cars are bought and paid for by the dealer/ship, that's serious amount of capital tied up.
Funny.... I did ask this.... They own all of the cars bar the yellow Aventador which is on sale or return...... As you say a serious amount of capital....
abecketts said:most likely to be some form of floorplanning agreement, short term finance agreements linked to one or a number of finance houses. Used to work for the leading system provider for this, going on an audit with a finance house is at times an eye opening experience
Funny.... I did ask this.... They own all of the cars bar the yellow Aventador which is on sale or return...... As you say a serious amount of capital....
Is that the same as '"unit stocking" or is it a similar type of arrangement?
The owners have an errr "interesting" reputation.
They have some great S212 E63's from time to time - what's their interesting reputation?
jaymanek said:Many car dealerships will have unit stocking agreements... Very easy to check... just do an HPI check on a car in stock and unit stocking will show up.. They get charged interest per day... hence why many dealerships will really want to get rid of stock after so many days... Easy way for them to have lots of stock but can really east into margins.. Its quite expensive for most smaller dealers to have.. Approx 15-20% APR is about the rate + a fixed set up fee, normally around £100-200... on a daily basis its not a lot but have a car in for 3 months and that car will soon have no profit left in it. The larger groups must get the financing at next to nothing.
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