DealStream Logo

No photo available

Details

Aug 29, 2018Turn-Key Opportunity! Positive cash flow from day one! This is an established (11 years) auto sales and finance company. It is an amazing opportunity to learn and prosper in the Auto sales and Finance Business. This tremendously profitable car and finance company, engages in the sales and financing of pre-owned automobiles and includes the current loan portfolio (Buy Here, Pay Here program). The price includes a proven business model, the “Buy Here Pay Here” Loan program, a loan portfolio (approx. $128,000, producing approx. $14,500/month in cash flow) and auto inventory (approx. $35,000). The business focuses on buying and selling a variety of in demand & below market vehicles (retailing for $3,000 to $8,000) that are available for cash purchase or on loan from the “in-house” financing program (at 29% interest!). The "Buy Here-Pay Here" program utilizes a GPS unit with an ignition shut-off feature to virtually eliminate delinquencies and defaults. The business sells vehicles that are optimal for family/personal car needs and/or for daily utility use. The company has an eleven year history of servicing this mostly ignored market niche, has generated many repeat customers that come back year after year, car after car, to upgrade. The company has a well-trained staff and manager in place. This is a tremendous opportunity to borrow capital at market rates (8%) buy Inventory, then Sell the Inventory for cash or to lend/finance at 29% interest!

Learn More About This Listing

Sign up for a free basic membership to start buying and selling. Learn about our membership plans.

By clicking "Join Now - It's Free" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.