What debt are we selling?
by Admin
Posted on 21-09-2023 03:53 PM
You can sell a financed car with or without paying it off by trading it in with a dealer or selling it to a private buyer.
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Trading your car at a dealership is often easier than selling it to an individual. It's easier to find dealers, and they commonly handle transactions like this, so they’ll deal with all the paperwork behind the scenes. Many dealerships can complete the trade within a day. After paying off your loan ahead of time, it’s the next best option in terms of convenience. The tradeoff is that the ease of trading in your financed car does not come for free.
Are you an auto dealer or finance company that creates auto notes, buy here pay here auto paper? do you need cash for inventory or for your business or personal use? sell your auto notes, to increase your cash flow and reduce your risk exposure. Let us show you how to increase your cash flow without creating new debt, don’t wait for your customer to pay you off, or total your car. We can help you get the financial flexibility needed to compete in today’s auto industry. If you are thinking about selling your buy here pay here portfolio, you probably have a lot of questions.
What are the benefits of selling your auto notes? it does not create debt on your balance sheet. It increases your purchasing power, enabling you to do more business. Eliminates the need for bank loans or sba loans. Improves your credit rating, and gives you cash to meet your obligations. Eliminates using equipment, real estate or inventory for collateral. Saves on your in-house staff costs. Presents a professional image to your clients. Eliminates the need for venture capitalists or partners that share in decision making and profits. Quick cash flow even the best dealers often spend more money than anticipated and need a quick infusion of cash.
Past Auto Debt Portfolios for Sale
Mydealercapital. Com also known as dealer capital services, inc. Was established in 2012 as an automotive capital company based out of lafayette, la. We are a buyer and brokerage of automotive finance contracts, specifically non-prime retail automobile sales contracts from automotive dealers and finance companies that offer financing to customers with limited or adverse credit. Mydealercapital. Com also engages in the selling of near prime and prime automotive portfolios up to 500 million dollars from banks, credit unions, and finance companies.
Mydealercapital. Com sources over 1 billion dollars in automotive portfolios annually and we are 100% independently owned and operated.
Selling Your Auto Notes
Selling your performing auto retail installment contract portfolio to arrow acceptance is a reliable source of capital for your business. Arrow purchases car, motorcycle, commercial trailer, and powersport vehicle portfolios. We provide a lump sum of money for your bhph portfolio, giving your business the cash it needs for growth, while eliminating the need for additional staff for your in-house servicing and collections. Our bulk purchase programs are specifically designed for buy here pay here dealers and independent automobile finance companies. Stay focused on your business, sell more cars, and finance more customers by turning your auto notes into quick cash.
Why should i sell my auto notes? usually a note is acquired in lieu of the cash actually desired during a bhph sale. If retained long enough, many notes will eventually pay off. However, by selling all or part of your auto notes you will never again have to worry about: · collecting the payments · destruction/devaluation of the automobile · federal income tax reporting requirements · bankruptcy of the payer
sell auto notes and get cash for your auto receivables. Bhph dealers sell bhph notes to increase their cash flow, eliminate risk and cover expenses.
New york, nov 6 (reuters) - automotive parts maker advance auto parts is expected to tap the markets friday with a $1. 6 billion credit facility, sources told thomson reuters lpc. Jp morgan, bank of america merrill lynch, suntrust and wells fargo are leading the deal. The facility comprises a $1 billion, five-year revolver and a $600 million, five-year term loan. The facility will launch via a conference call at 9 a. M. Est. No further information was available by press time. The loans will back the company’s $2. 04 billion acquisition of general parts international inc (gpii). The company said it intends to finance the all-cash acquisition through a combination of senior notes, bank debt and existing
cash on hand.Sell your bhph notes fast. Quick funding on your bulk bhph loans in 3-5 business days. Up to 95% payouts for bhph notes. View your best offer in 24 hours.