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 Where do used car dealers get their capital

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WaCKy-Angel
post Feb 9 2022, 10:11 PM

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QUOTE(ycs @ Feb 9 2022, 09:31 PM)
Floor Stocking is a revolving credit facility extended to Panel car dealers for the purpose of financing the purchase of the dealers' motor vehicle stock
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QUOTE(rooney723 @ Feb 9 2022, 09:32 PM)
bank got loan them money for cashflow, thats why they can buy cars in cash, and used car is a high profit margin business

each car they can earn rm10k at least, the least also rm5k per car for those hot models

recon cars even more untung
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QUOTE(diffyhelman2 @ Feb 9 2022, 09:47 PM)
Bro, telling people abt revolving credit facility for car dealers is not a huge secret reveal. They won’t lend to any tom dick Gary.
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Thats why ayam wondering too why would banks simply loan money to any ah kow, ali, or muthu.
WaCKy-Angel
post Feb 9 2022, 10:18 PM

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QUOTE(diffyhelman2 @ Feb 9 2022, 10:14 PM)
They will secure the credit facility against something like your house property business etc.
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Means they dont "start small" lahh?

 

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