Posts Tagged ‘Purchasing Vehicles’

 

How can I start my own financing company?

Saturday, July 18th, 2009
jbarucca asked:


I need to find a resource for licensing, laws, and any other steps necessary to start a financing company. I want to be the company that loans money to companies and individuals for purchasing commercial vehicles.
I am using some of my money and some that is borrowed at a lower rate. I have a used Truck (Big Rig) dealership with plenty of inventory. Our customers currently use a finance company that charges over 32% in some cases.

Vincent
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