Dealers - Unit Stocking Plan / Finance

[pixieporsche]

Can any dealers help me with any experience of unit stocking plans / finance?

I have been trading cars and would like to expand my stock / business and would like to know if this is a viable option other than buying outright (I can't afford to buy much stock outright). By the same token I don't want to get caught out / end up owing more to the finance company than what profits are in my cars!

Thanks in advance for any advice / help.

Nicola

[LHD]

Try Lombard.

But what sort of units are you talking about?

[Roo]

If you can get a facility for used stock in place you may be able to get 70% of your invoice value back in short term funding. That's what it was last time I worked somewhere that needed it.