I need to find a resource for licensing, laws, and any other steps necessary to start a financing company. I want to be the company that loans money to companies and individuals for purchasing commercial vehicles.
2006-10-16 10:10:15 · 1 answers · asked by jbarucca 1 in Business & Finance ➔ Other - Business & Finance
I am using some of my money and some that is borrowed at a lower rate. I have a used Truck (Big Rig) dealership with plenty of inventory. Our customers currently use a finance company that charges over 32% in some cases.
2006-10-16 10:29:18 · update #1
you want to become a commercial lessor, I am in the repo business and that is not a great idea,since these trucks are very hard to find since they have wheels and are hard to find. A better idea is to lease commercial equipment . Alot of the leasing companies that I work with are phasing out truck leases. Are you using your own funds? or borrowing them at a low rate and getting a higher rate back?
2006-10-16 10:17:23 · answer #1 · answered by bayareart1 6 · 0⤊ 0⤋