Wells Fargo CDF launches financing with NPA
Wells Fargo Commercial Distribution Finance is launching a new financing program with National Powersports Auctions (NPA), a provider of auction and remarketing services in the powersports industry.
The program will give independent powersports dealers inventory financing options to help minimize their capital outlays for pre-owned inventory purchases and maintain ideal inventory levels throughout the entire sale cycle.
“The pre-owned powersports market is growing rapidly and we are eager to deliver our products, services and expertise to NPA’s independent dealer community,” said Jeremy Jansen, president of Wells Fargo CDF’s motorsports group. “We look forward to expanding our relationship with the NPA team and bringing our portfolio of inventory financing services to a broader powersports customer-base.”
Under the terms of the agreement, CDF and NPA will arrange financing on units purchased at their auctions.
“This opportunity is exciting and will connect thousands of independent dealers that do business with us to CDF’s additional solutions, helping them strengthen and grow their businesses,” said Jim Woodruff, chief operating officer at NPA.
