This gives the banker financing the purchases of a car dealer a lien on the administrative documents of the financed vehicles and keeps him informed as to the development of the position of the cars entering this procedure.
This allows the firm to get the optimum out of managing its stocks while having the financing at its disposal at the opportune moment, at the same time keeping the financed vehicles readily available for sale and securing its financial partner.
- Safekeeping and managing the administrative documents of the financed vehicles
- Regular, in loco check-ups to ensure that the vehicles are indeed present
- Drawing up a detailed report after every check-up