A finance company your buy-here, pay-here operation might leverage enhanced its relationship with the National Independent Automobile Dealers Association.
According to an announcement distributed this week, Lobel Financial has improved its longstanding affiliation with NIADA by becoming the association’s most recent Bronze-level National Corporate Partner.
Lobel Financial is a source of full spectrum auto and light truck financing, streamlined for independent, franchised and BHPH dealers. The company said it knows supporting NIADA is helping the used-car industry as a whole, and that’s what it’s here to do.
“NIADA is excited to recognize Lobel Financial’s value to the industry after conducting its due diligence,” NIADA senior vice president of member services Scott Lilja said.
Lobel emphasized that its goal is to assist dealers with the tools needed to run a successful and profitable dealership.
“The assessment of any successful long-term business relationship,” chief executive officer Harvey Lobel said, “is knowing it benefits both partners.”
Lobel Financial is a regional lender with local branch offices in the markets it serves. The company provides capital to dealers for the acquisition and servicing of motor vehicle retail installment sales contracts.
Lobel can issue instant, automated approvals 24/7 and prompt ACH funding. Using its DMS platform can increase dealer efficiency, allowing for sales growth and meeting profit objectives.
“The company is dedicated to providing its dealer-partners with a simple, reliable financing solution that meets their needs,” Lobel business development team lead Joe Torres said.
NIADA members receive priority funding when contracts are received within 48 hours of approval using their NIADA member ID number as the promo code.
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