• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Tuesday, May 30, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
evan for LI

NEXT VENTURE

by Rick Weinberg, Editor in Chief, California Business Journal
A A
Share on FacebookShare on Twitter

evanEvan Paul Motorcars in Newport Beach, Calif. expands its services with asset-backed cash loans.

BY RICK WEINBERG, CALIFORNIA BUSINESS JOURNAL

First it was one phone call. Then another. And another.

Evan Paul was caught off guard, never expecting some of his wealthiest clients to be inquiring about getting short-term loans and using their exotic cars as collateral.

But Mr. Paul quickly realized that this was another level of service he could add to flourishing Southern California business, Evan Paul Motorcars. The boutique dealership features the finest selection of pre-owned exotic cars on the market from Ferrari, Lamborghini and Rolls Royce to McLaren, Bentley, Maserati, Aston Martin and Porsche, most of which are sitting in his jaw-dropping showroom just a stone’s throw away from Pacific Coast Highway.

Shortly after receiving the initial phone call inquiring about a short-term loan, Mr. Paul whipped out pen and paper and began doing some calculations … loaning $50,000 at 1.99% interest meant a quick $995 monthly.

Yes, this was definitely a viable business opportunity, he thought to himself.

The first opportunity for Evan Paul Auto Capital came in the form of the most luxurious Range Rover in the world — a 2015 Autobiography, black on black, with 22,000 miles. The owner needed $50,000 quickly. No problem, Mr. Paul said. He transferred the funds and took the vehicle into his showroom.

“For clients such as real estate developers who are in need of additional capital to complete a project, leveraging a vehicle or car collection in exchange for short term cash is quite an attractive solution,” says Mr. Paul, an entrepreneur who founded several multi-million dollar companies, including eGamePlace, which was valued at $12 million at its sale.

shop1The next opportunity for his new venture was the owner of a 2012 Porsche 911S with only 10,000 miles. He needed $65,000. He made the transfer and stored the vehicle. Quick turnaround, quick profit.

“Two percent interest is stomach-able,” Mr. Paul says, sitting on the second floor of his plush building overlooking more than $3 million of exotic vehicles. “When you go up to 4-5% a month, that’s where someone has to be in dire straits to get a loan.”

The three programs he designed for clients to choose from include Sale Advance Loans, Storage Loans and Title Loans.

Sale Advance Loans are immediate cash loans and the client’s luxury vehicle is listed for sale through Evan Paul Motorcars.

ADVERTISEMENT

“We’ll lend up to 75% of the agreed on value,” Mr. Paul says. “It’s a huge win-win: our clients are able to get cash up front while still getting the maximum amount for their vehicle upon sale.”

in-shop2Storage Loans are immediate cash loans backed by the client’s vehicle.

“These loans are a little more discreet and confidential – and we can fund in an hour,” he says.

For clients who have collectible vehicles that are appreciating in value and are in need of capital for events such as growing a business or investing in a new business, “the storage loan is a really convenient solution,” Mr. Paul says.

The client is able to attain the necessary capital while the vehicle is in secured storage, allowing them to utilize liquid funds without parting permanently with their treasured automobile.

Title Loans is the third option.

“This offers the best of both worlds,” Mr. Paul says. “Clients again receive up to 75% of the agreed value of the vehicle while remaining in possession of their automobile.”

These private title loans have flexible terms with refinance options and no prepayment penalties. The only requirement: an unencumbered vehicle title.

“For clients who have vehicles with titles they own free and clear, the Title Loan features premium flexibility,” Mr. Paul says. “The client can attain the capital they are looking for while still being in possession of their car. It’s an ideal solution to a financial or capital problem or issue.”

evan-screener

 

Contact:

Evan Paul Motorcars

1805 Placentia Ave.

Costa Mesa, Calif. 92627

(949) 629-4480

www.EvanPaulAutoCapital.com

www.EvanPaulMotorcars.com

Tags: asset-backed cash loansAutomobileBeachCaliforniaconvenientCosta MesaentrepreneurEstateEvan Paul Auto CapitalEvan Paul MotorcarsFundsinvestingloanloansLos Angeles Business NewsluxuryNewport BeachOrange CountyOrange County Business Journalpre-ownedRange Roverreal estaterefinanceRoverSouthern CaliforniaStonestoragevehicles
ADVERTISEMENT
Rick Weinberg, Editor in Chief, California Business Journal

Rick Weinberg, Editor in Chief, California Business Journal

Rick Weinberg is Editor-in-Chief at California Business Journal. He is a well-known writer, reporter and on-air talent who has worked for the New York Times, FOX and ESPN. He launched California Business Journal to focus on California businesses and business professionals as well as California business news and information. Contact: Rick@CalBizJournal.com / 949-648-3815

Related Posts

Is The New Range Rover Worthy Of Its Royal Status?
Review: Is The New Range Rover Worthy Of Its Royal Status?
ADVERTISEMENT

CBJ Newsletter

Facebook Twitter LinkedIn Instagram LinkedIn

Advertise With CBJ

Contact Rick@CalBizJournal.com

CBJ Rates and Demographics

ADVERTISEMENT
1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram Youtube
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • More Truth About Temu: Is Temu A Chinese Company?

    The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    0 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • 30 Best Temu Alternative Apps To Buy from Online

    2 shares
    Share 0 Tweet 0
  • Five Reasons Why The Government Does Not Like Bitcoin

    0 shares
    Share 0 Tweet 0

Latest Articles

Exploring Poli Pay Casinos for Safe and Convenient Online Gambling

Why is Supply Chain Management Software Essential for Your Organization

Inflation-Indexed Annuities: Protecting Your Retirement Income from Inflation

Source: Pexels

Six Tips for Creating a Post-Retirement Budget

The Impact of Technology on Healthcare: Revolutionizing the Delivery of Care

3 Personal Finance Issues and How to Resolve Them

Image source: https://pixabay.com/ro/photos/comercial-analiza-forex-diagram%c4%83-643723/

2023 Ethereum Trading Strategies You Need to Consider

Image source: https://unsplash.com/photos/iusJ25iYu1c

B2B Marketing Research: Why it is Imperative for Business Success

The Basics of Crypto Markets: What You Need to Know Before Trading

Copy Trading: How Does It Work And How To Find The Proper Traders?

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR