There is significant global demand for new and used vehicles coming from the United States and Europe, perhaps due to the increasing wealth being created in what have been thought of as third world countries. We can help auto traders capitalize on this demand by arranging finance for auto traders who have overseas buyers.
Auto auction houses and other dealers generally require cash payments when cars are bought. Often, however, the overseas buyer will prefer to open a letter of credit to pay for the car, which results in a payment terms mismatch for the auto trader.
We can arrange to pay cash to dealers and auction houses against an incoming letter of credit, subject to the LC being acceptable to our partner's trade bank. This simple finance capability can allow a number of importers to expand their capabilities
We are also in negotiations to provide a finance structure whereby overseas buyers provide a deposit towards the car, and pay for the rest when shipping documents are available.
For our visitors in the United States, one intriguing spot to find cars for resale is government auctions. As with any marketplace, once one becomes familiar with the marketplace, it helps to hunt in those spots likely to produce discounted merchandise.
If you're mulling over ways to make money in the future, the book on the right will tell you about where the wealth will be increasing -- which means increased consumer demand. And of course, the gadget on the left is one of the ways you can read the book (and others, of course) without having to worry about shipping and hard copy. Especially good if you live where books are a bit harder to ship.