In relation to Inventory Funding, misconceptions typically deter automobile sellers from exploring the advantages it gives.
At V12 Automobile Finance, we need to deal with a few of the commonest myths surrounding Inventory Funding and present how funding will help your dealership.
Fantasy 1: Inventory Funding is Just for Companies in Bother
One of the well-known myths about Inventory Funding is that it’s just for dealerships going through monetary difficulties. In actuality, Inventory Funding is a enterprise mortgage to strategically assist sellers who need to develop and develop their stock.
To open an account with us, you need to:
Be VAT Registered
Have a bodily commerce premises
Have a optimistic web price
Have filed accounts
Whether or not you’re a well-established dealership or simply beginning out, Inventory Funding can provide the flexibility to put money into extra inventory with out tying up your money movement.
Fantasy 2: Inventory Funding is Costly and Just for Large Sellers
One other frequent false impression is that Inventory Funding is dear or solely accessible to massive dealerships. The reality is, Inventory Funding may be inexpensive and tailor-made to swimsuit the wants of any dealership, whether or not huge or small. At V12 Automobile Finance, we perceive that each enterprise is exclusive, and that’s why we provide versatile funding plans that cater to completely different sizes and monetary conditions.
Fantasy 3: Inventory Funding is Restrictive
At V12 Automobile Finance, we provide Inventory Funding options which are designed to be as versatile as potential.
We are able to fund as much as £65,000 per car, providing you with the flexibility to develop your stock with high-quality inventory. Moreover, our Inventory Funding isn’t tied to any particular finance product that you need to supply to your prospects. You preserve full management over your gross sales course of, and we merely present the monetary assist that will help you develop.
Fantasy 4: You Should Promote Finance to Entry Inventory Funding
A big fable that wants debunking is the assumption that accessing Inventory Funding requires you to promote V12VF finance merchandise to your prospects. This isn’t the case. At V12 Automobile Finance, we don’t impose any necessities on the financing choices you supply your prospects. Our Inventory Funding product is impartial, which means you possibly can proceed to supply your prospects the very best options that swimsuit their wants whereas nonetheless benefiting from our Inventory Funding providers.
Fantasy 5: All Funders Have Hidden Facility Charges
At V12 Automobile Finance, we’re clear about our charges from the outset. We additionally know that there are quieter occasions throughout a dealership’s 12 months. That is why we don’t cost a facility price, which means that we don’t cost you for a facility that you just aren’t utilizing.
Fantasy 6: You Must Fund All Your Automobiles
One other false impression is that inventory funding requires you to finance your total inventory stock. The fact is that with V12 Automobile Finance, you possibly can select to fund solely a portion of your inventory and proceed utilizing money for different purchases.
