RJDCARS 0 Posted August 9, 2018 Hi I’m new to car dealing. I’ve no experience in this field of work I’ve been doing it for about 3 months and tbh it’s been going pretty well. I do it from home well I have a yard for the cars. Warranty sorted. I want to be able to offer finance is that a possibility? I think I will be able to sell more cars being able to offer finance Share this post Link to post Share on other sites
EPV 631 Posted August 9, 2018 There are weekly threads on this mate, have a look back just a few pages and you’ll find them. Share this post Link to post Share on other sites
justina3 518 Posted August 9, 2018 Its a rare thing that search button some relate it to the like button Share this post Link to post Share on other sites
David Horgan 564 Posted August 9, 2018 4 hours ago, RJDCARS said: Hi I’m new to car dealing. I’ve no experience in this field of work I’ve been doing it for about 3 months and tbh it’s been going pretty well. I do it from home well I have a yard for the cars. Warranty sorted. I want to be able to offer finance is that a possibility? I think I will be able to sell more cars being able to offer finance vat number and FCA approved first before finance . Share this post Link to post Share on other sites
Hampton80 0 Posted August 14, 2018 I can help you to obtain your FCA licence if you want to start offering finance Share this post Link to post Share on other sites
RJDCARS 0 Posted August 14, 2018 12 minutes ago, Hampton80 said: I can help you to obtain your FCA licence if you want to start offering finance Can I offer finance although I don’t have a building I use for my business. I have a yard at a farm for storage Share this post Link to post Share on other sites
Hampton80 0 Posted August 14, 2018 The bar is pretty low in terms of what is required to obtain your FCA licence. Providing you haven’t got a criminal record for fraud or previously been made bankrupt you will be fine. Once you have the FCA licence the next step is to sign up with Finance companies that are willing to partner with you. The fact you don’t currently have a showroom will mean that some lenders won’t partner with you however there are still plenty that will. Close Brothers and Motonovo both work with many dealers who are setup similarly to yourself. Which of these companies is best to work with though is very much potluck depending on the Account manager for your area. I would invite them both in and decide for yourself who you prefer. Share this post Link to post Share on other sites
RJDCARS 0 Posted August 14, 2018 5 minutes ago, Hampton80 said: The bar is pretty low in terms of what is required to obtain your FCA licence. Providing you haven’t got a criminal record for fraud or previously been made bankrupt you will be fine. Once you have the FCA licence the next step is to sign up with Finance companies that are willing to partner with you. The fact you don’t currently have a showroom will mean that some lenders won’t partner with you however there are still plenty that will. Close Brothers and Motonovo both work with many dealers who are setup similarly to yourself. Which of these companies is best to work with though is very much potluck depending on the Account manager for your area. I would invite them both in and decide for yourself who you prefer. Thanks a lot for taking the time to reply. I’ll try get myself a fca licence and go from there. Where is the best place to obtain that? I could google just thought maybe you know the best place. Share this post Link to post Share on other sites
Hampton80 0 Posted August 14, 2018 No problem. Helping dealers obtain their FCA licence is what I specialise in. If you direct message me with your number I’ll call you tomorrow to explain how it works. Share this post Link to post Share on other sites
