If we all had a nickel for every time we’ve heard the words "mortgage," "housing," and "gas" lately, no one would have to worry about the current business outlook. Without question, the economy is top of mind for everyone these days, testing consumer confidence and auto dealer resilience at every turn.
During these times of economic turbulence, it is more important than ever to have a finance partner that you can rely on to deliver the guidance, products, and services you need. AIADA’s Affinity Partner, Key AutoFinance, a division of Cleveland-based
KeyBank NA, has the industry experience, commitment, and in-depth knowledge of dealer operations that can serve members through all industry and economic conditions.
Choose your finance partner wisely
Choosing a commercial finance partner is an essential step for the success of your business. Look for a partner with tenure in dealer finance, a portfolio that is geographically diverse, experience working with a number of different franchises, and reliable customer service.
Key AutoFinance is a reputable and reliable lender that offers expert guidance and experience in commercial financing to a variety of dealers nationwide. Key AutoFinance has more than 50 years of experience and is committed to remain an active commercial financing partner for dealers.
"We’re uniquely positioned to not only offer dealers floor plan, real estate, capital, and acquisition financing options, but also other banking services that help dealers utilize cash flow more efficiently and reduce costs – especially important in today’s economic climate," said Gregg Strong, national commercial finance manager for Key AutoFinance.
Key AutoFinance also offers our clients the opportunity to work with relationship managers that are among the best in the business. Clients consistently rate their depth of experience, industry knowledge, and customer service at the highest levels. In fact, a recent survey showed 97 percent of Key AutoFinance dealer clients are highly satisfied with their relationship manager.
Mitigate the credit crunch and remain competitive
Given the current economic conditions, banks and other lenders are less risk inclined and credit is harder to come by, so it’s important for dealers to explore other ways to remain competitive.
"When working with Key AutoFinance, AIADA members receive many benefits in addition to the expert guidance and experience of our relationship managers," says Strong. "By waiving or reducing certain fees and minimums, dealers can take advantage of a number of products and services that can help them remain competitive."
Using Key’s positive pay services can go a long way in helping protect the business you’ve worked hard to build.
Key’s fraud protection services, like positive pay, are becoming increasingly popular, with a client base that has grown 70 percent over last year. "When daily cash flow is critical, fraud protection services provide timely reconciliation and a reaction that is quick enough to avoid potential loss," continues Strong.
Another product that helps dealers remain competitive by reducing costs and saving time is the Key Inventory Management® system.
The Key Inventory Management system allows dealers to enter loan requests, pay off floored units as they are sold, and access monthly billing statements online.
Key AutoFinance is proud to be the commercial finance partner for AIADA. Key AutoFinance is committed to providing timely and helpful guidance for your business and the right tools, products, and services to help your business thrive by operating as efficiently and intelligently as possible during all economic times and conditions.
If you would like more information about the benefits of choosing Key AutoFinance as your commercial finance partner, contact Gregg Strong at 888-288-6539 or email@example.com.