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These dealers chose GM Financial – see why

Published November 2020

These dealers chose GM Financial – see why

When Mike Bezzoubkin and Scott Elliott became owners of Amherstburg Chevrolet Buick GMC in Ontario, they decided to floorplan with GM Financial. “We had a lot of different banks, and there were a lot of hoops to jump through. But everything was seamless on the GM Financial side. It was an easy transition.”

That decision made all the difference for Mike and Scott when the pandemic hit. Here is what 2020 has taught them:

  • You want a floorplan provider that understands your business.
    When you have a sudden influx of vehicles or a decrease in inventory, you don’t have to explain it to us. We get it. Focus on selling vehicles, and we’ll work with you on inventory ups and downs.

    “We like that GM Financial understands the vehicle business. They’re in conversation with General Motors. They understand GM’s business plan.”

  • GM Financial provides support when it really matters.
    When COVID-19 was shutting businesses down, GM Financial stepped in to help floorplan dealers with 90 days of deferred interest and loan payments and waived curtailments.

    “The deferrals were a huge help for us. It wasn’t something we asked for, but it was a big help to have. Not knowing what was going to happen with the business and how it was going to react to COVID-19…it was a huge help in our eyes.”

  • Leasing has multiple benefits.
    Leasing makes it possible to move more vehicles. And floorplan dealers have additional benefits when purchasing those lease returns through GMF DealerSource®. (Read Vince’s article for more details.)

    “Leasing allows us to flip customers out of their vehicles earlier than a traditional finance. And we use GMF DealerSource to buy the majority of our own lease returns. It’s a great system for us.”

Talk to your DRM about the benefits of being all in with GM Financial as a floorplan dealer.