Posts Tagged ‘Wholesale’
kim asked:
We own a small car lot. We sell primarily pre-owned executive, pre-leased company owned vehicles. Most of our cars we sale a little above wholesale. The problem we are having is that most of the customers that come to us want financing; the problem is usually because of poor credit. So the banks,etc. wont touch them.
We are to small to finance them out our-selves and because we only carry eleven no more than fifteen vehicles at a time we can not find any of these companies that will finance out high risk individuals. The requirement i have run into is you must have a quota of at least 50 cars on the lot and a sale of at least thirty a month in order for them to do it. I need help on this; surely there is some-one who will help out companies on a extremely small scale. If i had more options for my customers my sales would be more, it has been a crutch.
I have spoke with the credit unions, small banks, and I checked on GE but the only finance parts etc., not sales of cars
We own a small car lot. We sell primarily pre-owned executive, pre-leased company owned vehicles. Most of our cars we sale a little above wholesale. The problem we are having is that most of the customers that come to us want financing; the problem is usually because of poor credit. So the banks,etc. wont touch them.
We are to small to finance them out our-selves and because we only carry eleven no more than fifteen vehicles at a time we can not find any of these companies that will finance out high risk individuals. The requirement i have run into is you must have a quota of at least 50 cars on the lot and a sale of at least thirty a month in order for them to do it. I need help on this; surely there is some-one who will help out companies on a extremely small scale. If i had more options for my customers my sales would be more, it has been a crutch.
I have spoke with the credit unions, small banks, and I checked on GE but the only finance parts etc., not sales of cars
Viv asked:
If sales taxes had already been paid when the car was new, do they need to be paid again? I know on used car sales between private parties no sales tax is assessed, but how about on a used car purchase from a dealership, i.e. Nissan, Ford, etc..
If sales taxes had already been paid when the car was new, do they need to be paid again? I know on used car sales between private parties no sales tax is assessed, but how about on a used car purchase from a dealership, i.e. Nissan, Ford, etc..
I have seen sales tax returns for car sales, and to my understanding, resale/wholesale is non-taxable, for sales tax purposes.
Thanks in advance for your help.
AND WHY DOES THIS APPLY FOR DEALERSHIPS???