Manheim Financial Services Growing, Seeking Specialty Dealers
Manheim Financial Services is expanding its specialty division and is looking to finance heavy truck, motorcycle and RV dealers with tailored floorplan options.
ATLANTA — Manheim Financial Services is expanding its specialty division and is seeking specialty dealers in need of financing. The MAFS Specialty division finances heavy truck, motorcycle and RV dealers with tailored floorplan options.
“MAFS understands that Specialty dealers are operating in niche markets with unique financial situations,” said Karen Braddy, general manager of Manheim Specialty. “MAFS offers important customizations to make the financing process easier and more efficient to help specialty dealers buy and sell more units.”
The division offers competitive rates, 100 percent financing of auction purchase prices, personalized customer service and extended terms ranging from 120 to 150 days of financing. The company also aids dealers in working capital management and provides administrative services.
Additional, MAFS offers the Heavy Truck program and RV/Motorcycle program to complement dealers’ inventory financing needs for a wide array of specialty units.
“From our experience, specialty dealers are extremely strong operators with unique needs that traditional floorplans oftentimes cannot support,” said Kathy Decker, group vice president of Manheim Financial Services. “Their detailed knowledge of these niche markets makes them a perfect fit for MAFS. Our goal is work with Specialty dealers to identify ways our finance programs can help them sell more units.”
MAFS offers dealers inventory financing for use at Manheim, both in-lane and online, as well as at most National Auto Auction Association (NAAA) member auctions nationwide. For more information, visit www.usemafs.com.
More Auto Finance
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →