Finance for Exporters of Automobiles, Trucks and Heavy Equipment
If you are in the export business, Jigsaw Capital can arrange finance for vehicle exports to your foreign customers who pay by letter of credit. With finance, you can export autos and other passenger vehicles, as well as heavy equipment, trucks, bulldozers, and farm equipment.
There is significant global demand for new and used vehicles and equipment coming from the United States and Europe, perhaps due to the increasing wealth being created in emerging markets. We can help vehicle exporters capitalize on this demand and increase their sales capacity significantly through arranging finance.
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 solve this mismatch and open the door to transactions you might have thought impossible.
Your overseas customer opens an LC to our finance group which is either confirmed or which can be confirmed by a US bank. We then arrange to pay your supplier upon shipment of the goods. Upon receipt of shipping documents, the finance advance is satisfied and your profit is sent to you less fees.
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.