If one evening a thug and his gang break a merchants front windows to only make him pay for future protection and security from the bad neighborhood, when in reality they are only providing safety from the very same jugs collecting the monthly dues they call this extortion by any other organization or persons. Why is the BBB allowed to get away with their extortionist tactics and play games with non-accredited businesses? This organization needs to be investigated by the fair trade commission or better yet, by FOX NEWS.
NOTICE: We arrange financing for specialty cars, collector and super luxury automobiles.
Because of the difficult nature of placing these types of loans we are a fee paid service for the approved financing arrangement. This fee is collected once the letter of credit is issued for use of the clients new purchase or can be used towards our refinance products as well.
In the day and age of commerce through internet we must protect our clients and lenders as well as our own well being for any possible liability against fraud and just plain deceptiveness that can follow this means of commerce.
All Clients must agree to the following during the application process in order to submit
The application for credit. Unfortunately there are some that cannot read.
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I have read the Frequently Asked Questions page referenced throughout the Motorcars Financial website.
I understand any false information given in this statement or given verbally by me or anyone associated with me, during the credit process, is a criminal offense and I will be held responsible for all fees and any expenses incurred by Motorcars Financial, LLC on my behalf.
I am aware, due to an over abundance of bad credit applicants, there is a required $49 No-Risk Application Fee collected before the applicants credit file will be reviewed. Other than the $49 aplication fee, if my credit application is denied by Motorcars Financial, there will be no other charges. I am aware it is necessary to arrange a pre-authorization for the Approved Finance Fee. This amount will be obtained from the finance amount requested in my application for credit and the $49 N0-Risk Application Fee will be issued back to me as a CREDIT once the pre-arranged Letter of Credit is issued for my vehicle purchase.
I agree to the Privacy Policy.By providing my initials below I am in full agreement with Motorcars Financial's Terms and Conditions. I also acknowledge the fee disclosure notice provided and I am giving my authorization for Motorcars Financial to begin the approval process. Furthermore, I understand I need to frequently check my email throughout the credit process and I should add Motorcars Financial, LLC to my email white list for important emails, newsletters, surveys and announcements.
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Motorcars Financial is a professional finance brokerage firm. Traditionally, finance brokers add points to the lenders buy rate and compound their commission over the term of the loan while MCF simply charges the client a moderate loan fee.By collecting a loan fee we do not inflate the buy rate by 3 to 6 points. This enables us to lower the client's overall cost of financing. Not adding these finance percentage points to your loan can save you several $1000's of dollars over the
finance term.
Once approved, in order to secure your letter of credit, we collect an approved loan fee. The letter of credit can be used to buy, basically, any car of your choice. Once we have your approved letter of credit on hand, we are able to complete your purchase from an individual, a dealer, or an auction such as eBay. Under most circumstances, once the lender receives your signed loan documents, your car financing will fund within 2 business days.
Your team members at Motorcars Financial are a rare find, we share many combined years of automobile finance knowledge. If you are just beginning to build your automotive portfolio and in search for your first specialty car, already an established classic car collector, or need business car leases for your corporate executive fleet we have a personalized vehicle arrangement to fit your automotive needs. See FAQ
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