Revealed the secret of how to bypass bad credit and buy a car

A car is one of the most necessary tools for a modern business, no matter what activity it is engaged in and what age it is, which ensures the smooth implementation of processes. However, in some cases, there are obstacles in the way of purchasing a vehicle for a business that cannot be overcome by traditional means. But there are always opportunities to take advantage of in those difficult situations.

A car is essential for a young business

It is difficult to imagine a modern business that could fully operate without a car. Meetings, conferences, trips, product launches or other situations in which it may be difficult to get by without a car are everyday business activities. However, no matter how necessary, this measure is not always available, especially for young people, who are increasingly choosing to establish a small partnership (MB) as a form of business.

“Young people who return from emigration and are trying to create a business in Lithuania approach us more and more often. These are ambitious startups, often focused on new technologies, who have a vision, but sometimes they lack the tools to make their implementation easier and faster.

For example, the need to buy a car becomes an insurmountable challenge, because banks reject loan or leasing applications due to a bad credit history, too short a period of company activity, poor credit history of the manager or simply the company’s field of activity is unattractive to banks.

However, today these people look at everything responsibly, have specific goals and we believe in them, we want to help, so we offer an easier and more convenient way to solve one of the most pressing issues – buying a car. We look at each client’s case individually and flexibly, we try to find a solution that would be useful to the client, and finally we would reach the final goal and hand over the keys to the car”, says Vilma Gavėnaitė, director of BRC Finance.

Small business owners, when applying to banks and leasing companies for financing for the purchase of a car, often receive a negative response not only because of their not always exemplary credit history, but also because of the short time the business itself has been operating. For this reason, there are difficulties in assessing solvency. After hearing a negative answer from financial institutions, only the most optimal choices remain – to buy an older and more expensive car that requires operation, or to choose a lease, the costs of which may be higher than desired, which affects business development opportunities. Meanwhile, BRC Finance’s 50/50 service offers more flexibility.

How does it work and what is required to take advantage?

This offer from BRC Finance is valid for all legal entities, not only small partnerships, and to use this service, you need to have half the amount, that is, the value of the selected car. After paying the required amount, the lease agreement is signed and the car is used for two years, during this period no additional payments have to be made. After 24 months, you can choose one of the most convenient options of what to do next – extend the lease agreement, buy the car for the remaining half of the amount, return it without any additional fees or pay the remaining amount in installments, with payments arranged over a period of several years.

“One of the most important rules of business is that time is money and lost time is lost money. Therefore, we try to complete all the formalities as quickly as possible, and due to the fact that the cars sold at BRC Autocentre have a valid technical inspection and are ready for operation, customers of our service can use the vehicle of their choice immediately”, observes V. Gavėnaitė.

The 50/50 service is attractive to those who like to plan, because during the period of using the car, the flexible options allow you to decide in advance what to do next after the end of the first rental period.