Alpharetta, Ga.-based Northpoint Commercial Finance (Northpoint) announced that CFMOTO has selected Northpoint as the exclusive provider of floorplan financing for its U.S. dealers. The partnership will ensure dealers have access to competitive rates and terms, a cutting edge inventory management system and exceptional customer service.
CFMOTO is a premier off-road and on-road vehicle manufacturer based in Hangzhou, China, with strong market share in more than 60 countries. The company’s North American headquarters is located in Plymouth, Minn.
“We are excited to bring CFMOTO a world class inventory finance program that provides dealers with flexible financing solutions. In addition, our online inventory management system allows dealers to manage their business easily and efficiently from anywhere while providing data and analytics to help grow their businesses,” said Dan Radley, Northpoint’s CEO.
The partnership is a result of CFMOTO’s dramatic growth and need for a single technology platform with online tools and monitoring capabilities for dealers. Northpoint will replace the existing floorplanning program offered by CFMOTO Finance Corp.
“In looking for a partner that would be as committed to supporting our dealers as we are, we found Northpoint offered the right combination of service and experience in developing and managing exclusive finance programs for global companies,” said Dave Auringer, vice president of sales and dealer development at CFMOTO USA. “They offer a dedicated team, quick decisions and importantly, a unique flexibility that provides a significant advantage in today’s often inflexible banking environment.”