Chris Williamson
  • Watertown, SD
  • United States
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Chris Williamson's Discussions

In need of car lot liability insurance - whats out there at a good price

Started Jul 28, 2016 0 Replies

my insurance company is trying to get me liablity insurance for test drives and such and i was wondering what people would normally see out of a small dealership 20 cars or less and what would you…Continue

Consignment process

Started this discussion. Last reply by Alexander Coleman Sep 24, 2014. 1 Reply

Does anyone know how to handle consignments and dealer plates.  Does the Dealership have to own the vehicle in order to use the dealer plate and place on lot as inventory?  Or does all that matters…Continue

Repossesion procedure and Judgment issues

Started this discussion. Last reply by ken yang Jul 24, 2014. 1 Reply

We started to offer BHPH deals and recently had a customer not be able to pay and i am wondering how the judgment deal works or how to handle that issue.  Sold for 4500 and if its auctioned will…Continue

Anyone use AFC Floor plan financing and increase your Limit?

Started this discussion. Last reply by Frank Nov 16, 2014. 3 Replies

I was just curious to the process to increase a floor plan limit with AFC?  Anyone have experience on the process and how often you can increase the line.  For example, do they run your credit again?…Continue

 

Chris Williamson's Page

Latest Activity

Chris Williamson posted a discussion

In need of car lot liability insurance - whats out there at a good price

my insurance company is trying to get me liablity insurance for test drives and such and i was wondering what people would normally see out of a small dealership 20 cars or less and what would you expect the cost to be.  It seems really high and looking for other options.  They seem to think alot of insurance companies dont handle independent dealerships that are small i guess....See More
Jul 28, 2016
Charlene Taylor liked Chris Williamson's discussion Anyone use AFC Floor plan financing and increase your Limit?
Oct 6, 2015
Frank replied to Chris Williamson's discussion Anyone use AFC Floor plan financing and increase your Limit?
"I love AFC and have had no issues with them. Now DSC is another story. Many paper work issues that they created. Another flooring company that has great people is Vehicle Acceptance Corporation (VAC) . Main office in Texas with braches in other…"
Nov 16, 2014
Alexander Coleman replied to Chris Williamson's discussion Consignment process
"The dealership I work at has a consignment program.  From what I know, if Dealer A owns vehicles and would like Dealer B to sell them, the sales/financing contracts must be done in Dealer A's name and a temporary tag must be issued using…"
Sep 24, 2014
Chris Williamson posted a discussion

Consignment process

Does anyone know how to handle consignments and dealer plates.  Does the Dealership have to own the vehicle in order to use the dealer plate and place on lot as inventory?  Or does all that matters is how the paperwork gets done when the vehicle is sold?  or does the dealer have to use a sellers permit with that owners name on it as the dealer tag?  See More
Sep 16, 2014
Dennis Wagner replied to Chris Williamson's discussion Anyone use AFC Floor plan financing and increase your Limit?
"You should be able to get an increase quarterly as long as you are using most of your $25,000 limit. They will pull your credit again usually and I have gotten mine in just a few days. Best of luck!"
Aug 6, 2014
ken yang replied to Chris Williamson's discussion Repossesion procedure and Judgment issues
"Ask yourself this...If you got a judgement against the customer, are they still going to be able to pay the judgement? If your state allows garnishments, I would probably do it but I don't know very many dealers that actually do go after…"
Jul 24, 2014
Chris Williamson posted a discussion

Repossesion procedure and Judgment issues

We started to offer BHPH deals and recently had a customer not be able to pay and i am wondering how the judgment deal works or how to handle that issue.  Sold for 4500 and if its auctioned will bring 3g and wondering how to go after the individual for the remaining balance.  this will be our first repossesion issue.  See More
Jul 24, 2014
Carlos Miranda replied to Chris Williamson's discussion Looking for Line of Credit against Receivables
"Hi Dawn. Do you mind if I give you a call to know a bit more about your broker. We need some cash flow. We got a good amount of receivables. Thanks"
Jul 14, 2014
Jim Willis left a comment for Chris Williamson
"Floorplan requirements... 1 year in business, 650+ credit score, must own property or have a mtg on something (no liens placed, but they are looking for stability), and a positive auction reference.  Thanks."
Jun 3, 2014
Harlene Doane liked Chris Williamson's discussion Anyone use AFC Floor plan financing and increase your Limit?
Jun 3, 2014
Chris Williamson's discussion was featured

Anyone use AFC Floor plan financing and increase your Limit?

I was just curious to the process to increase a floor plan limit with AFC?  Anyone have experience on the process and how often you can increase the line.  For example, do they run your credit again? or do they just automatically increase it?  Also, how often can you get the increases?  I started with 25g and was just curious how long it takes to get it higher?let me know, any info is greatly appreciated,See More
Jun 3, 2014
Mesut Citiroglu replied to Chris Williamson's discussion Anyone use AFC Floor plan financing and increase your Limit?
"I started with 25k I was raised to 50 after 3-4 months. I'm waiting for my second round of 3-4 months to be up so I can request another increase. Yes they look at credit score again and a number of other things I'm sure like average pay…"
May 25, 2014
Chris Williamson posted a discussion

Anyone use AFC Floor plan financing and increase your Limit?

I was just curious to the process to increase a floor plan limit with AFC?  Anyone have experience on the process and how often you can increase the line.  For example, do they run your credit again? or do they just automatically increase it?  Also, how often can you get the increases?  I started with 25g and was just curious how long it takes to get it higher?let me know, any info is greatly appreciated,See More
May 21, 2014
Donnette Thomas replied to Chris Williamson's discussion Looking for Line of Credit against Receivables
"Hi Chris we work with a really good broker who has gotten us loans from our receivables many times. Give me a call 919-622-9972 Dawn"
Jan 16, 2014
Neill Juilfs replied to Chris Williamson's discussion GPS location devices cheap
"I use Bill Schmidt at Spireon to gps all my BHPH cars.  The units are $109 and include 3 years service.  They wire under the dash and include starter disable.  30-60 minutes to install.  You can call Bill at…"
Jan 12, 2014

Profile Information

Company
Willys Auto Sales
Position
Owner
Dealership, Allied Industry or Finance Company?
Dealership
If Dealership, Franchise or Independent
Independent
Your web site
http://willyscc.com
Biography/Work Summary
owner
Activities Away From Work
racing
Birthday
May 17

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At 12:10pm on June 3, 2014, Jim Willis said…

Floorplan requirements... 1 year in business, 650+ credit score, must own property or have a mtg on something (no liens placed, but they are looking for stability), and a positive auction reference.  Thanks.

 
 
 

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