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Updated RecentlyPayless Car Sales Inc. vs Automatic Car Credit Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Payless Car Sales Inc. vs Automatic Car Credit including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $351,700 - $3,100,000 | $250,000 - $416,700 |
| Franchise Fee | $30,000 | $10,000 - $25,000 |
| Royalty Fee | $2500+/mo. | $125/vehicle |
| Advertising Fee | - | $500-1,000/Mo. |
| Year Founded | 2001 | - |
| Year Franchised | 2001 | - |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $1000 for 5 years | - |
Business Experience Requirements |
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| Experience | - | Do I need to have auto industry experience to purchase a franchise? We recommend that you do. However, an individual that demonstrates great people skills, business sense, is driven, and can motivate others can probably hire individuals with the necessary experience. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | * Available at headquarters: 2 days * At franchisee's location: 1-2 weeks | Ready to learn more about auto financing, inventory control, and marketing than you ever dreamed? Automatic Car Credit has a rigorous training program ready for you. It covers every area essential to running your franchise. And ongoing training will be available on an as-needed basis. |
| Support | - | - |
| Marketing | - | TV and radio commercials that are clear and compelling, making Automatic Car Credit stand out from the competition. The Web site is another excellent marketing tool. There is no question: your marketing message will be loud, clear, and highly professional! |
| Operations | * 12% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 8 - 10 * Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Payless Car Sales Inc.
Payless Car Sales is a franchise system specifically designed to provide qualified independent used car dealerships with the opportunity to affiliate with a recognized global brand. Our primary objective is to build the largest and most trusted quality pre-owned vehicle sales franchise system in the United States and beyond.
About Automatic Car Credit
Buckle Up! It's going to be a fast ride to your future with...Automatic Car Credit.
We're a used car dealer that specializes in helping people establish or re-establish their credit through the purchase of a vehicle. Since the early 1990's, our proven financing system has allowed thousands of customers purchase the vehicle they want, and more importantly, can afford.
We have a different selling philosophy in that we are low pressure and treat customers equally, regardless of credit worthiness. Our model allows the customer to deal with one person throughout the buying experience. Secondly, we sell credit. Pardon the pun, but the vehicle is the "vehicle" in which we do it.
Why should you choose us?
* We're a Nation on Wheels
* We're a High Octane Business
* Tough times put lender's in the driver's seat
* The Benefits are Practically Automatic!
* Automatic Franchise Support
Providing customers with the loans they need for the vehicles they can afford - while offering super-charged opportunity to a few, hard-driving franchisees.