Founded in 2012, FlexPath has been servicing independent used car dealers in America for over 12 years. We understand your business and appreciate the unique challenges facing you every day. Because providing floorplan finance capital to the local independent dealership is our core product, we are hyper focused on doing better and simpler than “the other guys.” Combined, our senior management represents approximately 75 years plus of combined experience in the used car dealer world.
FlexPath employs a fully transparent pricing model. We heard our dealer partners loud and clear when they say, “I have no idea what I pay my floorplan company…or why!!” Instead of misleading teaser rates coupled with hidden charges and add-on fees, we focus on clear and upfront pricing designed to provide a competitive total cost of flooring. Instead of a multitude of service, add-on, management or other fees we charge an interest rate plus a per unit fee each month. The only other charges are for actual costs incurred and charged to you at a pure pass-through cost (you pay what we pay) for items like FedEx, audits, UCC filings, etc. In other words – you never have to guess what you will pay. There are no gimmicks. There is no bait and switch. There are no hidden fees. Just transparent and clear upfront pricing that you can budget and manage with peace of mind.
There is more than one option out there for your floorplan inventory finance needs. About 85% of what we all do is exactly the same. We all provide capital to finance the inventory you sell at your dealerships. It is the other 15% or so that sets one company apart from another. So what separates FlexPath Capital from all the rest?
We have all of the technology, systems, reporting and integrations that the large providers have. We are fully integrated with Auction Access and can support flooring Nationwide through virtually every major auction (Manheim, ADESA, Americas Auto Auction, DAA, Backlot Cars, OVE, etc.). We also remain dedicated to awesome local service and business done not just with a contract, but with a handshake. We are not a vendor. We are partners. Some companies focus on one aspect or another – we are dedicated to both.
Not Reps: We do not assign you a “rep” or a salesperson. We employ Market Managers who truly understand your business and can help navigate all of the challenges you face every day. They are not just responsible for helping you floor more cars. They are dedicated to managing y our portfolio, working with you to solve problems and helping you execute on your business plans.
We pride ourselves on having the most transparent pricing in the industry. Most dealers will tell you they always get roped into a low teaser rate, but then are completely surprised when they get their monthly floorplan invoice. There are so many add-on fees and hidden charges they can’t even understand what they are paying for or why. At FlexPath Capital we make it simple and manageable by charging an interest rate plus a per unit monthly charge. It may not be as flashy or as attractive as those low teaser rates seem to be, but it is a cost structure you know and can manage. What’s more, when you add up the total cost of flooring with most of the competition, we are usually lower and very rarely are we more.
We are committed to deploying the latest in technology to help you manage your floorplan and your business. Fully integrated and automated dealer portal? Check! Easy-to-use mobile enabled access to your account? Check Check! Access to and ability to manage your inventory anytime form anywhere? CHECK CHECK CHECK! FlexPath is continually updating and improving our systems, our reporting and our technological offerings to help you and your business.