Working capital tied to vehicles
Used-car dealers can miss purchasing opportunities when conventional lenders struggle to value inventory or approve funding quickly. The service uses vehicles in stock to provide working capital without requiring dealers to give up those vehicles.
More capacity for dealer customers
The financing combines new equity and loans. It will expand the funding available to customers and support hiring in business development, engineering and senior management.
Where the funding goes
- Dealer financing capacity
- Business development and engineering hires