SAC

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Posts posted by SAC


  1. hi

    we have had 2 contracts with ebay/motors in the last 7 years and honestly this last time we have had 3 sales from it in the 12 months 

    its for traders to watch listing to compare prices and loads of time wasters

    all the best may work for you guys but so happy im saving the 7200 a year from next month

     


  2. hello all

    I had potential customer but I couldn't get him a low enough apr that another dealer was offering for same value 

    how do dealers get better deals for customers on the apr side of things?

    I know it goes on the customers credit score but is there a way to get it lower?


    • Facility                                              APAK
    • Amount                                            £50,000
    • Interest rate                                    4%
    • LTV                                                     80%
    • Bonnet Fee                                      £20.00
    • Settlement fee                                £0
    • Age of cars                                       Up to 10 years
    • Max Mileage                                   up to 100,000
    • Term of funding                              90 days – extensions provided if needed

     

    RECIPROCAL TARGET = 2:1 RATIO             So for your 50K we would only expect £100,000 back for the year and this equates to £8500 per month.

     

    So if you bought a 10K car at auction we would fund 80% of this over 60 days and you would pay:

     

    • Interest -             £42.60
    • Loading Fee -     £20.00
    • Total -                   £57.60

    this is what i have been offered 


  3. Hello

    all i was thinking of applying for a coronavirus business loan scheme 

    i have been trading for 3 years now so should be ok

    has anyone had one? Is it better that stocking loans?

    kind regards