Thread: Financing
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Old 04-24-2010, 07:09 AM
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patrickt patrickt is offline
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Quote:
Originally Posted by Keithc8 View Post
I have floored most of the cost of building some cars for my customers over the years. They give me a good deposit...
That's a good example of a "value-added service" in this hobby. If you can't afford to pay cash, I suppose that's the next best route.

RodKnock, because I like you, what do you think of the following offer: If you let me hold $100k of your money, I will lend you any amount up to $100k cash and pay you a fair interest rate on your deposit with me, provided, however, that you must pay me 1% over that rate on the outstanding indebtedness. The only restrictions on withdrawals are that you must leave on deposit an amount equal to or greater than your outstanding debt balance. Now, seriously, why on earth would you take me up on that?
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