National Powersport Auctions (NPA) has announced the relaunch of its successful NPA Dealer Financing program. The enhanced program, which provides powersports dealers with flexible inventory financing on pre-owned vehicles, includes significant revisions based on dealer feedback.
NPA Dealer Financing features include tiered fee structures, no minimum or maximum credit approval, and flexibility for dealers to spend the money how they see fit, including off-the-street purchases. There is no early payment penalty and all titles qualify. NPA Dealer Financing has also streamlined the entire approval process: all paperwork and approvals will be done electronically, allowing dealers to remain in their dealerships and focus on their businesses.
In order for NPA Dealer Financing to be a success, NPA has partnered with Northpoint Commercial Finance. The company specializes in wholesale flooring for the powersports, marine and RV industries and is focused on serving the needs of dealers in the industry.
“We believe there is a philosophical gap between the automotive finance companies’ desire to lend to powersports dealers and the needs of today’s powersports dealers. Having sold nearly a million powersports vehicles since our inception, dealers recognize NPA is the right company to partner with to acquire, consign, and finance their powersports inventory,” said John Roshala, EVP of sales & marketing for NPA.
“Our main goal for this expansion was giving dealers better options when it comes to wholesale financing," he continued. "When we sat down with Northpoint and found they were in alignment with our vision for the program, we knew we had the right partner."
Added Dan Radley, president of Northpoint, “We are very excited to be aligned with a market leader like National Powersport Auctions. With NPA’s powersports expertise and our creative aggressive financing options, we have developed a powersports-focused program to help dealers drive sales and improve their opportunity to manage vehicles through NPA’s extensive network.”