Orbit Connected
I hope you find this Related Finance Company video helpful
Click on the image above and it will take you to a you tube channel I set up for this video. While it does show how the tax advantage works, it also needs to be emphasized that there are other advantages such as ease of raising capital for financing.
You Must Maintain Control of your RFC
Although many car dealers have their own related finance company (RFC), many do not have them structured properly and as such are not entitled to the huge tax advantage provided by the Internal Revenue Service. A poorly structured RFC can get away from you really fast.
We Can Help!
While structuring a Related Finance Company (RFC) may seem unrelated, over the years many of our clients wanted a way to self finance vehicles in a way to take advantage of some unique IRS tax benefits and collect payments while having a unique way to electronically repossess vehicles.
Depending on the degree of credit worthiness of customers, credit was issued based on an agreement with the consumer that a GPS system could be used in conjunction with a starter interrupt system to encourage consumers to pay on time.
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