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
- Flexible in financing structure (length of contract, skip payments, etc.)
- Borrower retains ownership in vehicle
- Maintain existing credit and working capital for the operating needs of your business
- Competitive financing rates
- 100% financing — customer, if credit approved, may finance motor vehicle fees as well as any applicable sales tax
- Customer may feel there are advantages in dealing directly with lender
- Customer may prefer to keep financial information confidential
- Simple process, easy for customer to understand
Considerations
- Lender is lien holder on title
- Debtor must carry collision and comprehensive insurance for full price of vehicle
Repayment Structuring
- Payments are usually structured in arrears
- Down payments (if any) are made payable directly to seller
End-of-Term Requirements
- Upon satisfactory completion of loan, lien is released; and unencumbered ownership is retained by borrower