Arrange Dealer Financing – When dealers rent or sell cars to customers, he has a finance company or bank that he worked with customers to provide the financing they need. Most traders use a “prisoner of car manufacturers’ finance companies like GMAC, Ford Motor Credit, and American Honda Finance. Arrange dealer financing on behalf of customers – as a service. Customers can arrange their own financing if they choose.
Key Points: Dealers do not finance leases and loans. Dealer does not approve the customer for leasing or borrowing. Dealers do not lease or loan process or to receive rent payments or loans. Dealer just take the rent and loan applications and trying to arrange financing for customers.
Tags: Dealer Financing, Finance Company, Financing, Loans, Payments or LoansCategory : Finance