Pro care cars 0 Posted February 25, 2021 Hi, Increasingly I get asked if I offer finance. I’m a sole trader trading from home stocking around 10-12 cars. Is it possible to offer car finance and how do I go about it. Any help is greatly appreciated as it’s all overwhelming to me. Share this post Link to post Share on other sites
David Horgan 564 Posted February 26, 2021 21 hours ago, Pro care cars said: Hi, Increasingly I get asked if I offer finance. I’m a sole trader trading from home stocking around 10-12 cars. Is it possible to offer car finance and how do I go about it. Any help is greatly appreciated as it’s all overwhelming to me. Really need to get FCA approved to start with , Then find your self a Broker to deal with so you can propose the customers to finance . Other way is to approach someone like Close Brothers direct who are the finance company , But being a home trader or low units per month they may well say no . home trader is probably best with a Broker , Mallard may help , Evolution is a broker dealing with most of the finance companies , Octane is a broker too , But the start is your FCA licence so you have a an FRN number , Limited permission Broker number you want , they wont deal with you until you are FCA approved . Does come with costs and extra work though , not all roses , thorns too . But the commission at the month end is very very good income Share this post Link to post Share on other sites
