Manheim seeking to finance more powersports dealers

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Manheim Financial Services (MAFS) is expanding its Specialty division and seeking powersports dealers in need of financing.

The MAFS Specialty division finances heavy truck, motorcycle and RV dealers with tailored floor plan options.

“MAFS understands that specialty dealers are operating in niche markets with unique financial situations,” says Manheim GM Karen Braddy. “MAFS offers important customizations to make the financing process easier and more efficient to help Specialty dealers buy and sell more units.”

MAFS’ benefits include competitive rates, 100 percent financing of auction purchase price, personalized customer service and extended terms ranging from 120 to 150 days of financing. MAFS also helps dealers in working capital management and provides administrative services.

The powersports financing program offers RV and powersports dealers financing on drivable units, tow-behind campers, trailers, 5th wheel trailers, ATVs and motorcycles.

“From our experience, specialty dealers are extremely strong operators with unique needs that traditional floor plans oftentimes cannot support,” Kathy Decker, group VP, 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 about MAFS, please visit www.usemafs.com or call 1-877-USE-MAFS.

Manheim Specialty Auctions is a sponsor of the 2011 Dealernews Top 100 Competition.

Posted by Holly Wagner