Randy Henderson
Las Vegas, NV (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Alternative Motors
Find More Startups
Startup
Location:
Las Vegas
Industry:
Automotive
Year Founded:
2006
Number Employees:
1-10 people
Description:
Alternative Motors has been operational for two years and seeks to further capitalize on the growing number of consumers which require Alternative Financial Services.
Most specifically Alternative Motors owns and operates Buy Here, Pay Here lots and sees staggering potential considering the current credit crisis and the continued tightening of credit requirements. This provides the opportunity to capture above average FICO scored consumers while requiring payments to be made at the lot.
Our Execurive Team consists of a V.P. of Operations for a $500M publicily traded company which has conducted over $1B in acquisitions this year alone; a former bank V.P. who was also the General Manager of the then largest Jeep-Dodge-Chrysler dealership in the nation; and the former Senior Software Architect for EDS.
We are seeking to raise $5M in capital per a 506 Offering Memorandum. The funds will be used for inventory and to open numerous lots which provide the needed financing consumers are suddenly finding difficult to obtain.
Alternative Motors currently has 2 lots operational and sees additional revenue sources via check cashing, pay day loans, and title loans.
Alternative Motors is focused on locating the expansion lots in rural markets which serve as hubs to many smaller rural markets as our research indicates these areas generate more word of mouth and less transient customers.