When you sell boats or RVs at your dealership, you want fast funding for loans. Fast funding allows you to close deals more quickly. It also helps your customers receive their purchases quickly and effectively, so they can begin their boating or RV adventures. Let’s explore how Finance Solution’s loan funding process works.
How Quickly Does Finance Solution Get Your Loan Funding?
We get your loan funding as soon as you fill out all the required paperwork. Once we have all the necessary information from both you and the bank, we can get your loan funded the next business day. Many banks have started transitioning to automated funding software, which speeds up the funding application process. As soon as we have all the paperwork ready, we submit it to the bank for approval. We work hard to secure same-day funding for our partners. Our dedication to speedy loan funding allows them to close deals quickly and smoothly to satisfy their customers and improve dealership operations.
Why Does Fast Loan Funding Matter?
Picking out a boat or RV is a fun process, but applying for funding is often a slow, drawn-out process. Fast loan funding matters because it keeps your customers satisfied by letting them take their purchases home quickly and efficiently. If you minimize the length of the funding process, you ensure they have a positive customer service experience. Additionally, a fast-funding process helps you move more units through your dealership. Ultimately, quick funding benefits you and your customers by helping you speed up the entire sales process.
Why Outsource Your Funding Services?
You may want to keep your financing services under your own roof, but you might find that’s more trouble than it’s worth. Is your dealership large enough to support an entire financing department? Can that department stay on top of loan funding approvals as well as insurance and warranty procurement services? An outsourced financing solution takes those burdens off your dealership and provides you with the quickest available services. When you outsource your loan funding and other financial services, you have one partner dedicated to helping your dealership run as smoothly as possible.
What Factors Determine Your Loan Funding?
Whether you apply for a long-term or short-term loan, a few specific factors determine whether the bank approves your loan. These factors include:
- Your Credit Score: If you have good credit, then you’re a low-risk borrower, so the bank is more likely to approve your loan. They will run a credit report to ensure you have a good credit score.
- Your Loan Amount: The loan’s amount determines how long you have to pay it off. If you have a large loan, you can pay it off over a long period of time.
- Your RV or Boat Unit Type: Are you buying a new or used unit? If you purchase a new RV or boat, a lender will likely give you a longer-term loan than if you buy a used unit.
Finance Solution helps you find the right loans for your dealership’s and customers’ financing needs.
What Other Services Does Finance Solution Offer?
Finance Solution does much more than just access loan funding for your dealership. We also procure insurance and warranties to protect your units when customers purchase them. We understand that dealerships’ needs vary based on their size and location, and we customize our services to meet your dealership’s individual demands. We help you get the right interest rates and loan offers for your customers’ financial needs, so you can focus on sales and customer satisfaction.
Access Fast Loan Funding With Finance Solution
If you want to help your customers access loan funding more quickly, reach out to Finance Solution today. We help you improve your financing and insurance (F&I) operations, so your dealership moves more units and closes more deals. Let us help you boost your sales and overall performance. We understand that you want to help your customers, so let us help you help them. As the premier RV and boat financing service provider in Florida, we have the resources and expertise to meet your needs.
