Tag Archives: financing

Getting the win with financing

By Jeff Backus So you're working with a customer, and they have decided on the perfect boat. They are ready to buy, you submit to the banks, and boom: decline, decline, decline. Dead deal and everyone goes home unhappy. So what happened? Let's talk about everything you can do to get more deals bought and more customers out on the ...

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Rollick and 700Credit launch partnership

Rollick, a relationship technology platform for the marine, powersports, and RV industries, announced that it now offers integration with 700Credit, a provider of credit reports, compliance and soft pull products. The integration enables consumers to prequalify for dealer financing via their 700Credit relationship while using the Rollick-powered digital retailing tool on dealer and GoRollick Marketplace websites. Known as RollickDR, the ...

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Northpoint Commercial Finance announces partnership with MitchCap

Northpoint Commercial Finance

After more than a decade of robust growth and the development of an impressive customer base throughout North America, Northpoint Commercial Finance announced a partnership with MitchCap to create a strategic Australasian partnership to better connect North American OEMs with their Australasian Distribution Channels. MitchCap is one of Australia's fastest growing inventory finance providers and the BIAV's preferred Floorplan partner. Both organizations have a ...

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Priority One expands financing technology

Priority One Financial Services, a full-service finance company offering flexible, business-forward finance and insurance solutions for marine, RV and trailer dealers, recently announced the expansion of its new financing technology. In 2021, the company installed a limited distribution of financing kiosks in dealer showrooms, giving customers the ability to apply for a recreational loan in under five minutes and without ...

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Trident funding celebrates 25 years

Celebrating its 25th anniversary this year, Trident Funding – one of the country’s largest privately owned originators of boat, recreational vehicle, and aircraft loans – said it sees no signs of slowing down. “We had record years in 2019 and 2020, and 2021 will be another.  As people are getting back to travel and recreation, we expect steady growth on ...

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MarineMax expands financing capacity

MarineMax, Inc. (NYSE:HZO), the nation’s largest recreational boat and yacht retailer, announced today that it has expanded its financing facility to provide for borrowings of up to $440 million from the previous limit of $400 million. The expanded facility has a three-year term, expiring in October 2022, and it has two, one-year options to renew, subject to lender approval. Borrowings ...

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Priority One, MRAA partner on webinar

The Marine Retailers Association of the Americas announced Thursday that it is partnering with Priority One Financial Services to host an educational webinar on “What You Need to Know about Credit Bureaus,” for MRAA members. Hosted by Eric Craig, senior dealer account executive of Priority One, this webinar, which will be held Thursday, November 3, at 2 p.m. Eastern, will ...

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The Top 10 F&I profit killers

If you have been reading the industry literature or listening to the "experts," you have almost certainly heard how much your F&I profit center should be contributing to your store's profit – and yet, your results just don't look that way. Why? When you look around at the differences between the highly performing dealerships and the underperforming stores, there are ...

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Marine lenders see third quarter drop in new boat activity

ANNAPOLIS, Md. – The National Marine Lenders Association Snapshot quarterly trending survey for the period ending September 30, 2015 shows the lowest percentage of lenders reporting that more than 50 percent of their third quarter business was loans on new boats since 2013. Only 30 percent of respondents indicated new boat sales counted for more than half their volume in ...

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Wolters Kluwer Financial Services announces new version of AppOne

MINNEAPOLIS – Wolters Kluwer Financial Services announced today a new version of its AppOne indirect loan origination platform for marine, automotive, powersports and recreational vehicle dealers. The latest version enhances the self-service capabilities for dealers to facilitate with financial institutions, integrate third party applications, such as dealer management systems, and take credit applications securely online. “Increasing regulatory oversight on lenders has heightened the ...

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