Hey Cool Car Fans,

As The Cool Car Guy, I consult with people from all walks of life about buying, selling, trading and leasing vehicles.  I have been doing this full-time for about 12 years now and I have bought and sold millions of dollars worth of vehicles.

Some of my clients have enough money to write a check for a new $100,000 Porsche Cayenne or a $65,000 Lexus and other people are barely making ends meet.  I have other clients who have just filed bankruptcy and they are starting over financially and need more money.

I thought I would write an article about how if you’re in the camp with too much month at the end of the money, you could be building a Network Marketing business to make your car payments for you.  Even if you’re not struggling financially to drive a better vehicle, but you’re like me and you would much rather leverage your personal brand and create another income stream you may find this article and concept of interest.

Obviously, this article isn’t going to be for everyone, but if you want to have an open mind I’ll give you a really cool way to let a third-party and a business help you make your car payments.

Real Life Clients

First of all, let me explain that I have clients who are using this strategy and have their own Network Marketing businesses where the company sends them checks each month.  I have multiple clients who are earning an income in Network Marketing and they are using their part-time and full-time businesses to make their car payments for them.  I subsidize driving my vehicles using this concept as well because it is simple to do.

Several of my clients will lease or purchase new vehicles on a regular basis since their Network Marketing companies are making the payments for them.  I’ve also found that most people would be driving a better vehicle if a third-party was making the car payments for them.  If you had an extra $500 to $1,000 a month coming in from a sideline business to make your car payments wouldn’t you drive a better vehicle?

Product Endorsements

We have all seen commercials with Peyton Manning or Tiger Woods driving a Buick or Matthew McConaughey driving a Lincoln.  If you haven’t seen these, I’ve dropped one of them into this article for you to check out.  Actors and athletes are always getting paid to endorse vehicles or other products for money.  So why wouldn’t you want to do the same thing and get paid for telling other people about a product or service?  Do you think these celebrities need more money and to drive free vehicles more than you do?  I doubt it, but they understand the power of leverage.

What if you could earn an additional $500 or $1,000 a month from an online business and use that money to make your lease or car payments?  What if it costs you about $100 a month to get back about $500 a month using a legal business strategy and sideline business called Network Marketing?  The concept that I’m going to share with you in this article will work with a number of Network Marketing companies.  However, just like all cars are not the same, all Network Marketing companies are not the same either.

I have met numerous people who do not like Network Marketing or are very negative about it because of a bad experience or they have beliefs based on irrational prejudices. For example, I know people who will never buy an American car because of an experience they had with an Anerican car company back in the 1980’s, which is not rational based on changes in technology since the 1980’s. It is the same type of mindset when people immediately discount Network Marketing without further investigation.

How It Works

I know of a Network Marketing company that you can join for as little as $25 to become a Distributor, along with a small one-time purchase of about $100.  After that you can get on auto-ship for some of their products each month that they will automatically send to you and they include free shipping if your order is over $50.  Each time you have a monthly order and other people who have ordered, they will send you a check.

In order to qualify for commissions in a Network Marketing company you need to have a minimum monthly order or personal customer sales. Many people get hung up on this aspect of building a Network Marketing business, but if you think about it logically it makes sense that if you are in business then products should be moving through your business.  I wouldn’t be The Cool Car Guy if I never sold any vehicles to people.

There is a typically a minimum of about $100 a month in products that you need to sell or purchase for your personal use in order to qualify for commissions and get paid by the company. I have found that most companies will pay you about 35% on an initial order for people you refer to their company and another 7% to 8% on their repeat orders.  This is usually within the first three levels of their compensation plan that I will illustrate in more detail in this article.

The purpose of this article is to show you how to drive a better vehicle and let the sideline business make your car payments for you.  You are not trying to build this Network Marketing business as a “get rich quick” scheme, which is another turn-off about Network Marketing for many people. You could use it though to buy a really cool car!

I like the idea of getting paid on your own website and the website of others, which you can do with Network Marketing.  How many people were referred to Facebook or Twitter and they never got paid from those companies for their referrals.  Here’s a practical example of what I’m talking about and the power of Network Marketing to create additional income.  A person told me about a Network Marketing company and their products that I could use for running marathons.   I have since used their products for years.

The person who told me about the company earns 8% on my orders every month, some months I order $200 or $300 in products from this company, so that person gets a check from the company for about $16 or $24 every month on just my orders.  All they did was tell me about the company and their products and I joined and started ordering their products.  If they have ten or twenty people like me they are earning several hundred dollars a month to make their car payment from a very simple sideline business.  That’s pretty brilliant if you think about it because they are using leverage to let someone else pay for their vehicles.

A $500 To $1,000 Car Payment Scenario

The biggest benefit of a Network Marketing business is that you not only get paid on people that you tell to use the products, but you can get paid on the people your Distributors tell as well.  That’s the whole concept and real benefit of networking.

For example, let’s hypothetically say that you put a little effort into your business and you told ten people to join your team and become a Distributor and they each have $100 a month going through their business in product purchases or sales. We’ll assume that your ten people are not as ambitious as you, so they each tell five people and those fifty people each tell just two people, so you would have 100 people on the third level of your business.  You would have a network of 160 people that you could get paid on each month and you only told ten people yourself.  I’m not promoting that you try to become a millionaire doing this venture or that you quit your day job or drop out of school.  I’m explaining that you can use this business model to make your car payments and drive a better vehicle.

How much money would a Network Marketing company pay you, if you ordered $100 in products from the company to qualify for commissions and all of the other orders totaled $100 per sale?  Your business model would look like the following matrix and you can see how the commissions can add up quickly based on the power of duplication.

Hypothetical Example of Building a Network Marketing Business

• 10 x $100 – $1,000 x 8% = $80
• 50 x $100 – $5,000 x 8% = $400
• 100 x $100 – $10,000 x 7% = $700
  • Total: $1,180 commission check.

That’s an easy lease payment on a Maserati, Jaguar, Mercedes or BMW for telling ten people how they could be letting someone else make their car payments for them and helping them to tell a few other people as well.  It’s not magic.  You’re not getting rich off of this concept.  The reason why those “celebrities” are getting paid money to endorse cars on television is because they are reaching millions of people with their advertisements.  That one commercial on YouTube has been viewed over 3 million times. I don’t know about you, but I like looking for ways to let someone else make my car payments for me.

What Do You Have To Lose

If you are happy with making your own car payments than just ignore this article and this concept.  Don’t change anything in your life, but if you know somebody struggling to make ends meet than send them this article.  I’m not making any income guarantees or claims here, but simply sharing a concept on how this can work for you or anyone else for that matter.  Take it or leave it as information you can use or discard.

As I mentioned earlier in this article, all Network Marketing companies are not the same just like all automobiles are not the same.  There is a big difference between a Porsche 911 and a BMW 3 Series in performance, fuel economy, seating, handling, horsepower, etc.  If you would like more information about the company that I’m working with just get in touch with me by sending me an email and I’m happy to discuss this concept with you in more detail personally.  You can also direct people to this article and leverage my website to work on creating your own income with this concept.  I have a vested interest in wanting you to succeed and have this work for you, so that you’ll call me for your next vehicle as your income starts to grow.  You can do this type of venture part-time or full-time and there are tax benefits available to business owners that your accountant or CPA can discuss with you as well.

If you’re interested in pursuing this further and use it as a tool to make your car payments send me an email at the email address below.  If you would like to discuss other ways to lower your car payments, get out of your lease or current vehicle or anything else related to vehicles you can reach me at the address below as well.
______________________________________________________________

Auto Consultant – John Boyd: The Cool Car Guy
John is an auto consultant with his license at a car dealership in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle! jboyd@coolcarguy.com or Twitter @coolcarguy

Hey Cool Car Fans,

One of the biggest issues that people face when buying, trading or leasing vehicles is when it comes to financing.  I’ve seen a bank or a credit union offers someone an interest rate of 11.99% with a 665 and 710 FICO Score from two different reporting agencies and then I submit it to another bank and that bank approves the same person, the same vehicle and the same structure for 6.25%, which is half what the other lender was going to do the loan for.  In addition, they may have different stipulations, such as proof of income or proof of employment or proof of residence or references, while another bank only asks for a copy of the driver’s license.  That same bank though with a different buyer could do the exact opposite of the first bank based on their credit history and the entire structure of the vehicle purchase.

When it comes to people who have filed bankruptcy, one of the biggest mistakes that I see people make is that they get multiple offers from credit card companies offering to rebuild their credit.  The person thinks, “This is great and more is better because I need about five different trade lines to get my credit score back up.” and the next thing you know they have opened up a bunch of credit cards and installment loans to rebuild their credit and then they go to try to buy a vehicle.  They end up getting declined because their debt to income ratio is too high or they have to come up with an excessive amount of money down to get the bank to buy the loan.  It’s not a bad idea to get a credit card after having a bankruptcy discharged, so that a person can start rebuilding their credit again.  However, they don’t want to fall for all the offers because banks like people who have filed bankruptcy and discharged their debt and they know that they can’t file bankruptcy again anytime soon.

The other thing that people do is they get extremely picky about the vehicle they are purchasing as though it is the last vehicle they will ever own.  I can typically get someone approved with credit challenges or even after they have filed a bankruptcy with a number of lenders, but the lender isn’t just looking at the person and their credit.  The lender is checking out the amount of money they are putting down, the type of vehicle they are buying, their employment history, if they have a co-signer or not, how long they have been at their residence, so there is more to getting financed than just the vehicle.  When people work with me, since I don’t inventory vehicles I can take a client to the Dealer Auction or get something out of the rental fleet that is often much better than what they will find on their own walking the car lot and at a better price.  The key though is that it has to be a vehicle that the bank is willing to take a risk on or have enough money down that the bank won’t care.

In other words, someone can actually get a pretty cool car after their bankruptcy and get financed, if it is structured correctly and they are working with a consultant who is willing to take the time to help them find the right vehicle at the right price.  The interest rate is going to be higher initially, but there is no reason why someone can’t refinance their vehicle after 6 to 9 months.  Through my relationship at the dealership where I have my license I have access to lenders who specialize and work with people who have credit challenges, even bankruptcies, so keep that in mind if you know someone who is having  a hard time getting financed because of their credit.

A really good friend of mine who I run marathons with is actually an Executive at a bank that specializes in getting people funded who are currently in a Chapter 13 or have a discharged Chapter 11 bankruptcy.  There are definitely options available for people to get a vehicle and rebuild their credit after a bankruptcy or even if someone just has poor credit.
________________________________________________________________________

Auto Consultant – John Boyd: The Cool Car Guy

John is an auto consultant with his license at a car dealership in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle! jboyd@coolcarguy.com or Twitter @coolcarguy

Hey Cool Car Fans,

As The Cool Car Guy, I am an automotive consultant for motor vehicles (like some of the sweet vehicle photos I included in this article), as well as auto loans. I also have the ability to broker business loans that I’ll be discussing in more detail below.  A number of my clients own businesses often times they will own a vehicle free and clear or they may have equity in a vehicle that they may want to use as collateral for a loan.  I’ve helped people get money out of their vehicles for a number of uses.

Some vehicles are easier to get loans against than others depending on the year, make and model of the car or truck.  Traditional lenders like to use the NADA or Kelly Blue Book value to place a loan against a vehicle as collateral, so that they have a third-party telling them what the vehicle is worth. It can be more difficult with classic or custom cars because there are fewer lenders that loan money on these vehicles.  Most of the people who have me track them down these type of vehicles, like a 1967 Corvette pictured to the right, have arranged financing most of the time or are paying cash.

I’ve also had a number of people who will contact me each year, usually from a referral from their mortgage lender to refinance a vehicle that they have a high payment or higher interest rate on, so that they can reduce their debt to income ratio.  I can even turn their used vehicle finance into a lower lease payment, depending on the miles on the vehicle, year, make and model, which can help them get into a home or obtain financing for their business, when their debt to income ratio is too high to qualify for the financing they are looking to secure.

Which is why I decided to write an article about this topic here at CoolCarGuy.com, for clients who may be looking for business financing or for people surfing the web that are looking for creative financing options for their existing business.

Maybe someone owns a business and they have a chance to get an extremely rare, fully restored 1959 Corvette with 400HP and an LS2 Corvette Engine like the one pictured above.   I recently saw this one running through the dealer auction and a business owner may want a short term loan for $140,000, because they are pretty sure that the vehicle is going to be worth even more than that 5 years from now or they just gotta have it.

Most of the time business loans can be difficult to get, even if you’ve been in business for a number of years.  I’ve teamed up with a company called David Allen Capital to be able to offer small businesses with the capital they need to grow their businesses.  By offering this service, I can build a relationship with a business owner and assist them with all of their automotive needs, whether it is fleet vehicles or their own personal vehicles.

How Do DAC Loans Work?

Unlike traditional banks, DAC judges the health of the business based on the cash flow – not just credit scores. They have an in-depth understanding of small business, that can enable a business owner to get a loan that they need to buy inventory, purchase new equipment or launch a marketing campaign.  In fact, these are true business loans – not merchant cash advances.  And they are loans that range from $10,000 – $500,000 and these are short term loans of 4 to 24 months in length.

These are daily fixed micro-payments, so no worry about large monthly payments and an approval decision is typically in ONE BUSINESS DAY, with FUNDING in as FAST AS 3 BUSINESS DAYS.  Again, this is something that is not for everyone reading this article, but I wanted to write an article about it because I’m a broker for this company as well.

What Are The Minimum Requirements For Approval?

A business needs to be doing at least $100K or more in annual revenues, so they only loan to existing businesses producing cash flow today and have been in business at least  4 months and doing at least $10k per month in sales (showing as deposits in business bank accounts).

The amount they can get approved for is generally equivalent to monthly sales revenue.  And the amount they will have to pay pack is generally 1.2-1.3x what they borrow.  Example, $100k will usually have $120-130k payback over term of loan.  Loans are 4-24 month terms and generally average between 6-15 months.

What a business owner does with the money is up to them!  For example, if they are doing $200k per month as a grocery store, then they can borrow about $200k and use it to buy a house, buy a classic car from The Cool Car Guy, buy another store, remodel, invest in something else, pay taxes, etc. etc.

The most common uses are to purchase inventory or equipment, expand or remodel, purchase another business, launch a marketing campaign or hire additional staff.

DAC lenders have loaned over $10 billion to thousands of small businesses.  If you would like more information or to get started you can visit www.DavidAllenCapital.com and simply enter in my name, John Boyd and my Broker ID: 100504507, so that they know that you came from my website and I sent you there.  You can get more information at that site and I would recommend checking it out if you’re looking for short term funding for your business.

If you’re a regular at this site or you’re just visiting and you know a business owner who may be in need of capital for their business send them to this article and have them check it out.  It’s simple and fast to qualify and see if their business is a fit for one of the lenders, who are looking to loan money to small businesses.
________________________________________________________________________

Auto Consultant – John Boyd: The Cool Car Guy

John is an auto consultant with his license at a car dealership in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle! jboyd@coolcarguy.com or Twitter @coolcarguy

Hey Cool Car Fans,

I often get requests from people about finding a luxury sports vehicle, like a BMW or a Subaru WRX, but many times these vehicles are out of the person’s price range who is shopping for one and they can’t qualify for a new one.  Currently, I have a 2011 BMW 335i with X-drive listed for sale at JFRCars.com with a manual 6 speed transmission.

This particular vehicle needs nothing at this point and has a little over 98,000 miles on it currently.  These vehicles are very popular because of the twin turbo motors and many people love them as a daily driver, especially here in Colorado with the BMW X-drive AWD system.

Recently, I ran a scenario just to see how this vehicle would lease and I thought I would share it here at CoolCarGuy.com.  I was surprised that with nothing down someone could lease the vehicle for under $350 with good credit and I’ll share the details below in this article.  I am kicking around leasing it myself and using it as a another vehicle for my business.

These vehicles tend to hold their value pretty well and they have a pretty good residual value on the used market, which is why I wanted to run the the lease numbers.  Many people don’t think about the benefits of leasing a higher mileage used vehicle like this, so instead they run around looking for a cheap one where the payment will actually be more than on a lease.  The primary benefit is that you have a guaranteed buyer at the end of the lease because it’s a lease and you don’t have to worry about trying to sell it down the road and find a buyer if you just want to give it back to the leasing company.

The NADA Retail Book value on this vehicle at the time of this post is $21,350 even with these miles, but you can find them through the Dealer Auctions for less if you go with an automatic.  They are really hard to find in a 6 speed manual transmission, which is why I’m kicking around leasing it myself as a second vehicle.

Below are what the lease numbers look like and the structure of how this would lease here in Colorado, including the sales tax on the lease.

I put in a price of $20,900 and the current retail value of $21,350 to come up with the residual value and I figured just the first payment down and good credit of around a 750 FICO score.  I wanted to see what the numbers looked like for this vehicle or a vehicle like this one over 36 or 48 months and at 12,000 miles a year.

The chart above shows how the numbers came back and I was a bit surprised by them because the residual value is still pretty good for this vehicle with another 36,000 to 48,000 miles added onto the odometer.  The residual is what the person leasing it would be able to buy it for at the end of the lease. Keep in mind that this is with just $1,000 down, plus the first payment.

The base payment for 42 months is $332.72 a month, plus sales tax which is in this case I used 7.9% for a total payment of $359 a month.  Now this is for someone living in Colorado and that would be required in this lease scenario for this leasing company.  For 48 months the payment drops to $317.41 a month plus sales tax that equals $342.49 a month in this case.

There is a $795 lease acquisition fee, which is why the Adjusted Cap Cost is higher than the sales price of the vehicle.  I was surprised that a 2011 BMW 335xi like this one with 98,350 miles would actually lease this well with good credit and $1,000 down, plus the first payment and sales tax on the $1,000.  That isn’t very much money out of pocket to drive a loaded BMW for a low monthly payment.  Many people involved in Network Marketing companies often get a monthly car allowance and this is one that someone could easily afford while driving a luxury and performance brand.

If someone were going to finance the vehicle and they had the same 7.9% sales tax rate on the full amount of a purchase they would be financing $21,648 with $1,000 down.  Their payment would be $488.79 a month if they had a four percent interest rate based on 750 FICO score for a 2011 vehicle through many Credit Unions.  That is compared to $342.49 in this 48 month lease scenario above, so it’s almost $145 more a month, but the difference of course is they would own the vehicle at the end.  Still, this is about cash flow with the lease scenario and having more options at the end of the lease term because a person can still purchase it at the end or trade out of it or give it back to the leasing company.

Which is why I decided to crunch the numbers and see how it looked using a scenario for a used vehicle lease on a 2011 luxury and performance vehicle like this one.  The nice thing about this option is that it includes GAP insurance built into the lease and a person has a guaranteed buyer at the end of the lease or they can buy it out for $6,917.  They can do this even if they go over their 12,000 miles a year that they have allocated.  It’s a way for someone to drive a vehicle like this that they may not have an opportunity to purchase financially based on cash flow and I thought I would share it here since I’m kicking around doing this myself if it doesn’t sell quickly.

Year: 2011
Make: BMW
Model: 3-Series
Trim: 335i xDrive
Mileage: 98,350
Stock #: JB742572
VIN #: WBAPL5C5XBA742572
Trans: 6 Speed
Color: Black
Interior: Leather
Vehicle Type: Sedan
State: CO
Drive Train: AWD
Engine: 3.0L L6 DOHC 24V

Retail Price: $20,990 – SOLD!

Cool Car Guy Rating:  A Fun BMW Ride!

________________________________________________________________________

Auto Consultant – John Boyd: The Cool Car Guy

John is an auto consultant with his license at a car dealership in Denver, Colorado. He can help you save time and money on any make or model, new or used, lease or purchase – nationwide! Call or email John about your next vehicle! jboyd@coolcarguy.com or Twitter @coolcarguy