michael mccoy
Christiansburg, VA (USA)
Role(s):
Founder/Owner/Principal
M.R. Carz
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Startup
Location:
Christiansburg
Industry:
Automotive
Year Founded:
2008
Number Employees:
1-10 people
Description:
Looking to open a small car lot to help with the sub prime market. The business will provide a rent-to-own service to customers who can't obtain conventional financing. All vehicles will be equiped with gps tracking devices, in the event a customer doesn't pay the vehicle can be located and picked up. By doing rent-to-own the title stays in business name so there is no issue with repossessing the car. Each transaction would average a gross profit of $5,000 or more. The funds would be used to purchase inexpensive vehicles ($2,000-$4,000) and to get dealer license and location. More information up request.
Thanks,
Mike