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Former FedEx insider says separate operations don't make sense
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<blockquote data-quote="FedGT" data-source="post: 4133839" data-attributes="member: 58838"><p>They are a little bit of a pain in the ass but it is good to have that option. They take all titles to vehicles for as much collateral as possible and on our deal they still wanted 25% down. My buyer didn’t have that much so I carried a 20% note. I didn’t want anything to do with a note but the buyer was paying what I thought was about 20% higher than I would sell it for to the retail public so it was worth the gamble. </p><p>On that note though they made me sign a document promising not to take any payment for two years. It was a little stressful for that two years but all in all it was definitely worth it and gives you a much larger buyers pool.</p></blockquote><p></p>
[QUOTE="FedGT, post: 4133839, member: 58838"] They are a little bit of a pain in the ass but it is good to have that option. They take all titles to vehicles for as much collateral as possible and on our deal they still wanted 25% down. My buyer didn’t have that much so I carried a 20% note. I didn’t want anything to do with a note but the buyer was paying what I thought was about 20% higher than I would sell it for to the retail public so it was worth the gamble. On that note though they made me sign a document promising not to take any payment for two years. It was a little stressful for that two years but all in all it was definitely worth it and gives you a much larger buyers pool. [/QUOTE]
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Former FedEx insider says separate operations don't make sense
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