Newport Beach, Calif.—Flex Fund Financial Services, LLC, recently announced its entry into the more than $250 billion used-car and salvage markets. Flex Fund provides industry-leading used-car inventory financing—known in the industry as floor planning—to new- and used-car dealers, and salvage buyers. Formed by experienced automotive industry leaders, Flex Fund's management team has more than 110 years of collective industry experience. The company is headquartered in Orange County, Calif., and has operations in Minneapolis.
Flex Fund offers new- and used-car dealers flexible plans for:
·Inventory financing for used car purchases at select online and “brick-and-mortar” auctions
·Inventory financing for value-added services such as transportation costs and post-sale inspections.