Based on a recent industry update from Successful Dealer, there’s no denying that it truly is a seller’s market right now. According to the article, prices “continue to trend at 30 percent higher than last year.” Based on that statistic, it’s obvious why many heavy truck dealers are in need of money to finance used inventory.
While there are many different options available, one avenue some dealers fail to consider is right under their nose each time they trade used inventory – auction financial services. By securing financing through an auction, dealers can be confident that the financer will understand their unique financial situations and needs, unlike general banks or other financers. It also improves efficiency and allows dealers to take advantage of several cost-savings, leaving more money to buy and sell that must-have used inventory. Auction financers also u
nderstand the pace of business for dealers, so some offer ancillary services such as administrative services including title work to ensure dealers make the most of their money and time. Financers at auction are also extremely convenient and efficient, both things small businesses need and crave.
Next time you’re at an auction, consider checking out the finance department. At Manheim Financial Services (MAFS), our goal is to work with heavy truck dealers to identify ways we can help them buy and sell more units. Our finance programs include 100 percent financing of auction purchase price with extended terms of up to 150 days on Class 6, 7 and 8 trucks and vehicles with a Gross Vehicle Weight of 19,501 pounds and above.
MAFS offers dealers inventory financing at more than 300 auctions nationwide, including Manheim operating locations – both inlane and online – and most National Auto Auction Association (NAAA) member auctions.
But, why wait? If you’re ready to start making our money work hard for you, download the application today and bring it to your local MAFS office for priority processing.

Kathy Decker is a financial industry veteran and has served as the group vice president of Manheim Financial Services since 2006. In the 15 years since Decker has been at Manheim, she has also served as director of treasury operations and as Patriot Act compliance officer. Before joining Manheim, Decker spent 16 years with banks now owned by Wells Fargo. Decker also the Certified Treasury Professional designation.
Source: http://manheimheavytruckauctions.com/Blog/bid/63171/Show-Me-the-Money
top books online books book books online books automotive Books