Syl98,I guess the point I'm trying to make is that we can do so much more by contributing info to the thread instead of worrying about the day to day price. I have not been at the SI MCF thread that long, but in the beginning it was very quiet and I spent most of my time PMing (name deleted for privacy) back and forth with info. We would post what was relevent and others came slowly. As the price went up I think greed took over and most wanted to see 20% gains everyday, that's why they are restless the last few days when the price goes down. This is normal after a finance, the PR should have overcome that, the problem is that too many think this deal and the last one with National Bank are the same. They are not, the first one gives NB CALMS(MCF)as an internal application, the second one e-fincom.com is another whole DIFFERENT contract. Just think of ONE UNIVERSAL application where a VENDOR can go to to get credit approval for his customer/client, this site will have many other banks sign on, so that the customer will have a choice of financial institutions and also be able to put in multiple applications if he/she gets turned down by one lender. I know some in the car business that for example that have to deal with cheesy outfits that can make them wait 2-3 days to get approval,www.e-fincom.com will be minutes(20 or less). Many of these dealers only have one or two lending companies they deal with. If they get a shaky(not so good credit)customer, they stand a good chance of losing the sale or have to call in a favour with their bank. With www.e-fincom.com they may have a choice of 5-10 different
lenders. The dealer is happy, the customer is happy.
Lets say the customer is also looking for Insurance while buying/leasing the car, well the vendor will have that at www.e-fincom.com also, most likely a choice of many. So
you see what will work for a car dealer will work for almost any other type of business that gives/seeks credit for their customer/client. The potential of this is so freak'in big it is unreal, wait till MCF brings this to the USA (June-July), $$$$$$$$$$$$$.
When you have time , sit down and think of all the different businesses that can use this site(www.e-fincom.com)and get credit approval in 20 minutes or less, from a multiple source of lenders.
Syl, this is just the tip of the iceberg, there are Recreation Vehicle Dealers, Boat Dealers, Furniture Dealers,etc. BIG TICKET ITEMS that consumers purchase on credit. I looked up some boating links tonight, I couldn't believe how big boating is, even though I own a couple of Jet-skis ,I guess I didn't pay much attention to the industry until now. I was looking at some cottages and RV's last weekend, a decent new 35'trailer will set you back $28-$33K, most won't be paying cash for those extra toys. Not sure if you boat or Jet-ski but check this site: boatingnews.com
Think about all those NEW home builders that hire a realtor to sell their homes because of all the headaches of setting up financing. You see many have switched to having Sales Reps to bring down costs, still many only deal with one maybe two lenders, some builders don't want the headache at all and expect the homebuyer to arrange finance. Some banks will give a prefered rate to the builder if he puts all the sales through their bank,what if the homebuyer does not like to deal with that bank, potential lost sale, or delay as the homebuyer has to arrange finance.
Now think of this senario:The new home builder hires a Sales Rep(much cheaper commish), hooks up a computer in the sales office and connects to e-fincom.com , presto ,20 minute or less finance, and a
larger choice of Financial Institutions for the homebuyer, nice and smooth and clean. Any cost involved to the new home builder is offset for the fact that he/she did not have to pay a high comish to a Realtor.
This can work just as well for the used housing market.The Realtor sets up an open house, plugs a laptop into any regular phone line, presto, he/she can now offer finance right there, in under 20 minutes.
Any sales agent will tell you there is a certain window of opportunity to close a deal, with e-fincom.com at your side closing the deal while it's HOT is more certain.
Anybody else have any other ideas where a laptop/computer, e-fincom.com, and a product will enhance the closing of a sale?
Jazzss |
