Dealers who use XLerate Group to acquire their inventory now have more financing flexibility.
XLerate Group announced on Tuesday that dealer floorplan company XLFunding is now available at all of its auction locations.
XLFunding is a full-service flooring company with flexible tiers, local title services and a simple credit line process for dealers.
As part of its ongoing commitment to introduce products and services that drive business growth for customers, XLerate Group started the floorplan source for local markets last year. XLFunding currently offers dealer funding at more than 100 auctions nationwide.
“XLFunding works with dealers using a consultative approach to find the correct flex terms and plan that match an individual dealer’s inventory and sales mix,” XLFunding president Curt Phillips said. “XLFunding is a locale-friendly option for dealer floor-planning needs with titles held right where you shop — your local auction.”
XLFunding is now accepting applications from dealers across the country, including:
— New Mexico
— New York
— South Carolina
— North Carolina
“We’re happy to have the industry expertise and strong leadership of Curt and his team,” XLerate Group chief executive officer Cam Hitchcock said.
“The XLFunding management team has over 50 years of combined floorplan finance experience working with the independent dealer and are focused on moving us forward in improving overall auction services,” Hitchcock went on to say.