Chabs

This is my thought, I’m not greedy but I am here 7 days and have all the costs to cover etc. This is the sort of thing I thought, in my mind I was thinking upto 15% of the original invoice price was acceptable, bearing in mind I average around 15 units a month. Good advice. Hi Nick, Yes I do, I’ll investigate tomorrow thanks.

Yes, I have spoke to a couple as this route was my first thought, but unfortunately I don’t have the best credit rating so I’m not sure that’s an option. Yes, it’s currently the way some of my business is done, and is proving to be unrealistic, it’s fine when everything is flying but during the quiet times it becomes a struggle. Unfortunately my credit rating doesn’t allow me to take a loan, which is a real shame as this is by far the cheapest option.

Hi everyone. I own a very nice independent dealer, and have traded for over 10yrs. We do a very good job, and have excellent reviews, on Facebook, google etc. My question is, what would be an acceptable return for someone who wanted to fund some vehicles. I would be doing everything and paying all the bills to do with the premises, advertising etc, they would basically be sale or return, I’m talking run of the mill cars, with maybe a £20k rolling pot. Let’s say I sold a car that made £1000 profit, how much should they get as a silent investor, not really working with me other than basic running about here and there. Should it be a percentage of the cost price or a set amount out of the profit, what’s people’s opinions on what’s acceptable. Thanks in advance.