Manheim Auctions Provides Floorplan Program for Heavy-Duty Truck Dealers
Manheim Auctions has announced that it will provide heavy-duty truck financing, a floorplan program for heavy-duty truck dealers, through Manheim Automotive Financial Services (MAFS).
Manheim Auctions has announced that it will provide heavy-duty truck financing, a floorplan program for heavy-duty truck dealers, through Manheim Automotive Financial Services (MAFS). Like MAFS’ floorplan program for used-car dealers, heavy-duty truck financing is a credit plan allowing dealers to purchase inventory at Manheim auctions with little or no money up-front and pay after the units have been sold. Dealers participating in the program pay a one-time administrative-interest fee and need to meet certain financial requirements. Besides providing financing for used-car and heavy-duty truck dealers, MAFS also provides used-car rental financing, a floorplan for rental car companies that use auctions to purchase used vehicles for their fleets.
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