ForumsFinancing Tips

fpeterson,

My name is Brian Mosko, and I own Mergent Planning, which is a full service business and marketing plan writing firm.

Any time you approach anyone looking for funding, you are going to need several things. The first is a solid business plan. This shows the potential investor that you are serious about taking money, and you know what your going to do with it. Business plans are the number one tool to getting a business started.

The next, depending on your business, will be a marketing plan. A good business is great, but if no one knows about it, then its pretty much pointless to start.

The last thing is you are probably going to want to get incorporated, simply because this will provide a seperate entity to have the business assets in and also to seperate you personal financial situation from the business situation.

If you have any questions or concerns, please feel free to call me directly at 702-538-1798, or to e-mail me at brian@mergentplanning.com. I hope this helps, and best of luck to you!

Best Regards,

Brian Mosko
Mergent Planning
702-538-1798
brian@mergentplanning.com

A quick internet search for floorplan financing will show you several soild companies that will finance you dealership. Also think about unsing indirect financing on the other side of the deal.

With a floorplan, you purchase the vehicle (aution or otherwise). You send in your purchase invoice, the finance company will pay the amount of the invoice.

When you sell the car, your customer may not have cash or financing in place. Use the indirect financing to provide them a loan.

Some flooring companies will do both. Another good indirect lender is citifinancial

There are some alternative financing options that I may be able to help you with. Please contact me moneyresources@hotmail.com