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Wells Fargo CDF, National Powersports Auctions Launch Financing Program

September 19, 2016, 07:05 AM
Filed Under: Dealer Finance

Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company, is launching a new financing program with National Powersports Auctions (NPA), a leading provider of auction and remarketing services in the powersports industry.
The program will give independent powersports dealers a breadth of inventory financing options to help minimize their capital outlays for pre-owned inventory purchases and maintain ideal inventory levels throughout the entire sale cycle.
“The pre-owned powersports market is growing rapidly and we are eager to deliver our products, services and expertise to NPA’s independent dealer community,” said Jeremy Jansen,‎ president Wells Fargo CDF’s motorsports group. “We look forward to expanding our relationship with the NPA team and bringing our portfolio of inventory financing services to a broader powersports customer-base.”
For over 40 years, CDF has worked with some of the industry’s leading OEMs and delivers inventory financing solutions to over 5,000 dealers nationwide.  This program will expand CDF’s reach.  Under the terms of the agreement, CDF and NPA will arrange financing on units purchased at their auctions.
“This opportunity is exciting and will connect thousands of independent dealers that do business with us to CDF’s additional solutions, helping them strengthen and grow their businesses,” said Jim Woodruff, chief operating officer at NPA.

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