we buy auto notes
 

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

The above examples are for illustrative purpose only.
Actual sales price and total profit will vary from this example.

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 above 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.

 

 

 

We have been very pleased with the service we have recieved. We have closed several transactions and look forward to doing more.

-  Bowling Green, KY

Financial Solutions has really helped me grow my business.

- Memphis, TN

I have done several transactions and I am very happy with the results.

 - Kosciusko, MS

If anyone is looking to sell auto notes Russell Crosby is the guy to work with. He is very professional, honest and kind. He answered every question I had without hesitation. I recommend for anyone looking to sell auto notes to give him a chance!
Thanks Russell,
Chester Mitchell

 

Frazer DMS Software