MANCITYFAN

Stocking loan advise

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Hi guys,

 

We deal in sports and prestige cars and have used Motonovo for our funding for the last 3-4 years. As we do a lot of deals with Alphera (via a broker) due to their excellent residual values it would make sense to join them direct but unfortunately as we operate from a unit rather then a fancy showroom they wouldn't take us on. Is there any other decent companies out there that I should try as I'd like to increase stock levels,  currently have 150k with Motonovo and have been offered an extra 200k but it doesn't work as i don't send them all my deals due to high APRs. With Alphera I was getting 5.9% APR along with good acceptance rates.

 

Any advise would be much appreciated. 

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BCA partner finance seem to be keen to give stocking loans. I think they only fund stock bought from BCA.

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