One of our highest priorities is supporting our dealers through a number of financing programs. The programs are designed to cover almost every aspect of dealership business, from financing and insuring vehicle inventories to assisting in the acquisition of equipment and supporting facility improvement and expansion.
Vehicle Inventory Financing
Known in the automotive industry as "floorplanning, " this allows dealers to finance their inventory of new or used vehicles until the vehicles can be sold to customers.
We often supply dealers with loans that help them consolidate debt or increase their working capital for greater flexibility.
Our loans are requested for a wide variety of dealership equipment purchases. These loans may cover anything from signage to service center and office equipment.
Construction/Real Estate Loans
We also provide loans for real estate transactions. These are appropriate for dealerships thinking about a dealership facility purchase, Autohaus renovations or interim construction.
Vehicle Inventory Insurance
Known in the automotive trade as "floorplanning insurance, " this type of insurance helps protect the dealer's investment in the inventory of vehicles sitting in the showroom and on the dealer's lot awaiting purchase by customers.
Customer Loaner Program (CLP)
This program enables dealerships to offer their customers service loaner vehicles without the dealership having to make a major financial investment. It provides incentivized financing for our vehicles that may be rented from the dealership or from an affiliated leasing company at an off-premises location. The arrangement includes insurance coverage and can benefit the dealership through improved customer service satisfaction.