Securing a loan
Loan is an alternative to paying for in cash and is an agreement
between a financial institution and the customer.
At Advantage Auto Remarketing, we offer our customers a choice of
financing companies. All you need to do is complete the finance
application and wait for a response. Please note that our services
are limited to commercial financing. If you’re interested in
personal loans, we suggest reaching out to your local bank or credit
union for better rates.
Benefits
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Flexible in financing structure (length of contract, skip
payments, etc.)
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Borrower retains ownership in vehicle
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Maintain existing credit and working capital for the
operating needs of your business
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100% financing — customer, if credit approved, may finance
motor vehicle fees as well as any applicable sales tax
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Customer may feel there are advantages in dealing directly
with lender
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Customer may prefer to keep financial information
confidential
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Simple process, easy for customer to understand
Considerations
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Lender is lien holder on title
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Debtor must carry collision and comprehensive insurance for
full price of vehicle
Repayment
Structuring
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Payments are usually structured in arrears
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Down payments (if any) are made payable directly to
seller
End-of-Term Requirements
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Upon satisfactory completion of loan, lien is released; and
unencumbered ownership is retained by borrower
