BUSINESS VEHICLE NOTES
What Are Business Vehicle Notes?
- A business vehicle note is a promissory note that is secured by a business vehicle. Business vehicle notes are created when a business owner sells a business vehicle using seller financing. The note is secured by the business vehicle in case the buyer defaults.
- Who Can Benefit from the Sale of Business Vehicle Notes?
- A majority of all business sales involve seller financing. The seller will accept a cash down payment for part of the sale and a promissory note for the rest. Often the seller of the business vehicle involved wishes to move on to another venture or industry or may need money for expansion.
- If you have recently sold a business vehicle and you are still holding a note for it, download and fill out the Business Vehicle Note Worksheet and contact a certified Cash Flow consultant for assistance today!
- See also:
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