New F&I program offered to dealer membership group
July 26, 2012
Filed under News
The National Motorcycle Dealers Association has formed a partnership with Go Pro Powersports Services that will allow NMDA dealerships members to secure F&I programs through GPPS.
The NMDA, under the direction of CEO Gaylen Brotherson, delivers products and services to its membership of more than 2,000 dealers, manufacturers and industry specialists in the U.S. and Canada.
“We’re honored to partner with the NMDA to provide financing solutions, both at the retail and inventory level,” said Go Pro Powersports president Jim Anderson. “We’ll also be offering extended warranty, GAP and other programs. Many independent powersports dealers have no lending programs at all in place, no F&I department, and this partnership will provide them with additional revenue opportunities.”
Anderson said independent dealers can benefit from consumers who are ready to buy, but might not fit be among top-tier credit applicants.
“We’re already seeing the prime lenders buying deeper than they were a year ago,” Anderson said. “Instead of 20 percent, we’re hearing they’re buying 30-35 percent. And we can approve in some regions 60 percent of those that are declined from that top tier.”
The NMDA was formed to assist its dealer members in being professional, successful and profitable through special services, products and programs. The NMDA also takes an active role in education and legislation to help its members achieve their goals.
“The GPPS program fits our dealers’ needs for two of our most desired products and services — instant credit card and retail motorcycle financing,” Brotherson said.