AHCARS

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Posts posted by AHCARS

  1. Posted

    20 hours ago, trade vet said:

    You need to show your first years set of accounts if you want to take on some debt.Regarding being on a treadmill,cannot get ahead etc.,get used to it....most of us have been doing that for years.I am not trying to put you off,but if you search free company check for dealers you know and who you think are  successfull,check their liabilities and you will get the picture ! Your business model sounds OK to me,see if you can get know a transport manager at one of those large companies and you might get some cheap stock and transform your business.

     

     

    Thanks for the advice. You're right, a lot of other dealerships seem like they're flying when in reality they're probably drowning in debt.

  2. Posted

    8 hours ago, Mat C said:

    Try IWOCA -  ( Instant working capital )

    Expensive but if you want to borrow £20k for a few days etc it works out great for me. Just helps with cash flow.

    I also use BCA now too but have a slightly different set up than you ( run from a small secured unit ) 

    Thanks - I'll see what they offer and it's a viable option.

    Appreciate the advice.

    1 hour ago, justina3 said:

    Re-mortgage something rates are almost give away these days, thats what i did last year rates so low you can pay it back treble quick

     

    Not an option I'm afraid. I sold my house (due to marital issues) a year ago so I'm no longer a home owner. 

  4. Posted

    Hi All,

    I run a 'non traditional' dealership in that I don't have a forecourt, but work from serviced offices with use of a very large adjoining car park. We have 24 hour security presence in the building and car park, and there are also some very large head offices of major companies in the same hub. We provide all dealer facilities, i.e. finance & warranty, and are VAT registered and authorised by the FCA.

    The business has been trading for just over a year but I'm really struggling to secure a stocking facility, primarily because of the set up I'm told. I've approached both BCA and Nextgear, and although I quickly got a response from Nextgear stating I'd passed all checks but they weren't comfortable with the set up, BCA have taken almost a month and are yet to get back to me, despite me constantly chasing the 'area rep' that is supposedly dealing with my case. I know this is clearly not a good sign but am really surprised at BCA's lack of professionalism as it seems they'll only engage with the dealers they'll approve and not even bother giving a decision to those that they won't. 

    I'm struggling to grow the business organically as I feel I'm running at 100mph on a treadmill going nowhere. Market conditions have been pretty poor over the last few months and it may not be viable for me to continue without having access to a wider variety of stock.

    My question is, are there any other stocking facility companies that might be able to help someone in my position? My personal credit and bank account conduct are both fine but I obviously don't want to get ripped off. Any suggestions or advice will be greatly appreciated.

     

    Thanks in advance for any help.