Money Business Loans Adds Used Car Dealer Leasing Program Funding

Las Vegas, Nevada, 11/16/2017 — Money Business Loans, a business funding broker, has added a lease funding platform for used car dealers.  Until now, most used car dealers and Buy Here Pay Here dealers use floor plan funding to stock their lots with inventory.  The vehicle titles usually have the Floor Plan lender as the lien holder.  However, Money Business Loans now has the ability to fund dealers a large percentage of the yearly lease payment stream within a 72 hour window thus eliminating a giant cash flow problem for the dealers.  The dealer stays as the loss payee, the owner on title and the lien holder.  This is an immense wealth building platform.  Consider a dealer doing 10 used car lease deals a month.  After 1 year that dealer will own outright 120 vehicles as an asset base.  Each vehicle supplying an income stream.  Now those dealers can get lines of credit instead of floor plans.

BHPH dealers repossession rates hover around 30%.  The the vast majority of those repos occurring because the vehicle failed mechanically or broke down.  The buyer has subprime credit already, so to them, a repossession on their credit report is not going to matter.  But with this lease program the dealer can add a warranty service contract with gap insurance and get  a buyer in a better car for less out of pocket and cheaper monthly payments.  Now the Buy Here Pay Here dealer will have a happy customer because they have a vehicle that won't break down and if the vehicle does fail the warranty kicks in.   Now the buyer can return the vehicle at anytime and the credit bureaus are given the positive payment history which improves the buyers credit scores.  

Money Business Loans also offers Lines of Credit and Floor Plan Funding at rates which are usually far below most lenders.  Lines of credit to fund your inventory purchases are preferred for dealers because the title to the vehicles are in their name and there is no lien holders.

Money Business Loans also offers funding for account receivable factoring, contractor business funding, Physician office payroll funding and practice acquisition funding.  

Unlike most lenders, we never require an upfront fee prior to funding. Credit scores are analyzed and a plan of action is implemented before loan submissions if necessary

For additional information please contact: T Patrick Noonan at Money Business Loans by phone (888.312.8667)
email (info@moneybusinessloans.com).  

You will also find further information on our web site at http://www.moneybusinessloans.com
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