NPA Dealer Financing gets enhancement
September 12, 2013
Filed under News
National Powersport Auctions (NPA) is pleased to announce the re-launch of its successful NPA Dealer Financing program. The enhanced program, which provides powersport dealers with flexible inventory financing on pre-owned vehicles, includes significant revisions based on dealer feedback. With tiered fee structures and more attractive rates than other programs, NPA recognizes the industry has evolved and so have the needs of powersports dealers. With the availability of NPA Dealer Financing, powersport dealers finally have a wholesale program designed specifically for them.
In order for NPA Dealer Financing to be the best program available, NPA wanted to partner with the right commercial lender, one that understands the powersport industry. Northpoint Commercial Finance was the perfect fit. Northpoint specializes in wholesale flooring for the Powersports, Marine and RV industries and is focused on serving the needs of dealers.
“We believe there is a philosophical gap between the automotive finance companies’ desire to lend to powersport dealers and the needs of today’s powersport dealers. Having sold nearly a million powersport vehicles since our inception, dealers recognize NPA is the right company to partner with to acquire, consign, and finance their powersport inventory,” said John Roshala, EVP of Sales & Marketing for NPA.
“Our main goal for this expansion was giving dealers better options when it comes to wholesale financing. When we sat down with Northpoint and found they were in alignment with our vision for the program, we knew we had the right partner,” stated Roshala.
“We are very excited to be aligned with a market leader like National Powersport Auctions. With NPA's powersports expertise and our creative financing options, we have developed a powersport focused program to help dealers drive sales and improve their opportunity to manage vehicles through NPA’s extensive network,” said Dan Radley, President of Northpoint.
NPA Dealer Financing is unique with tiered fee structures, no minimum or maximum credit approval, and flexibility for dealers to spend the money how they see fit, including off the street purchases. There is no early payment penalty and all titles qualify. NPA Dealer Financing has also streamlined the entire approval process. All paperwork and approvals will be done electronically, allowing dealers to remain in their dealership and focus on their business.