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Updated RecentlyPayless Car Sales Inc. vs NextCar Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Payless Car Sales Inc. vs NextCar 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 | $338,950 - $813,135 |
| Franchise Fee | $30,000 | $22,500 - $125,000 |
| Royalty Fee | $2500+/mo. | - |
| Advertising Fee | - | - |
| Year Founded | 2001 | 2004 |
| Year Franchised | 2001 | 2015 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | $1000 for 5 years | - |
Business Experience Requirements |
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| 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 | - |
| Support | - | - |
| Marketing | - | - |
| 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 | 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 NextCar
!["NextCar]("https://fddexchange.com/wp-content/uploads/2019/08/NextCar-300x150.png")
NextCar is THE place to get your next car rental. Operates a business that offers motor vehicle rentals, leases, car sharing and other mobility services, rent-to-own, and used vehicle sales to the
general public. We have compact through full
size, SUV's and moving trucks and we specialize in high end car rentals
like BMW, Lexus, Infiniti, Mercedes and more!