At a time when it is becoming more and more difficult to secure credit facilities, selling your contracts becomes a viable source of raising capital. In the below example many dealers would have accepted $5,478 in cash for a vehicle that had a $6,000 retail price and a $3000 cost. If you are one of those dealers who would have accepted a $2,478 gross profit, then you need to contact Financial Solutions to turn your contracts into immediate profits.
Sell Auto Note Compared to Keeping The Auto Note
This is an example
Selling “The Note” – After 90 Days of Payments
A. Dealer cost of vehicle $3,000.00
B. Selling Price of vehicle $6,000.00
C. Down Payment received $1,000.00
Finance remaining balance at 24% for 27 months
D. Collect 3 payments of $241.00 each $ 720.00
E. Principle balance after 90 days $4,697.00
F. Advance at 80% of principal balance $3,758.00
G. Total Cash collected as a result of selling
“The Note” (C+D+F) $5,478.00
H. Subtract cost of vehicle $3,000.00
I. TOTAL PROFIT AFTER 90 DAYS (G-H) $2,478.00
Keeping “The Note”
A. Dealer cost of vehicle $3,000.00
B. Selling price of vehicle $6,000.00
C. Down payment received $1,000.00
D. Collect 12 payments of $241.00 each $2,892.00
E. Total cash collected after 12 months $3,892.00
F. Subtract cost of vehicle $3,000.00
G. TOTAL PROFIT AFTER 12 MONTHS $ 892.00
Financial Solutions
We Turn Auto Notes Into Cash!
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