Whether you’re expanding or improving your business, cost-efficient capital is key. Understanding your unique strategic and operating needs is how we offer complete financing advice, solutions and support tailored to your dealership.
Dealer Financial Services
Dealers face complex challenges, from market fluctuations and margin pressures to managing risk. That's why we deliver specialized auto industry expertise and solutions to help you succeed.
Fuel growth
Lending solutions
Draw upon comprehensive lending solutions, including lines of credit, real estate and construction financing, acquisition financing and equipment leasing.
Floor plan finance
Benefit from competitive rates for new and used vehicles, as well as the ability to minimize interest expense and the impact of changing interest rates.
Floor plan support
Easily access your statements and inventory through Floor Plan Online; automate your audit technology; simplify renewals and choose custom payment options.
Enhance efficiency
Strong cash flows and efficient operations help dealerships conduct business in more ways and places. That’s why our treasury management specialists and cash flow strategists take a consultative approach in helping you meet your complete transaction services needs. You also benefit from our easy-to-use, integrated CashPro® platform to manage your payments and receipts, liquidity and investments, FX, credit and trade.
Digital disbursements
This dealership-to-consumer solution can enable you to gain efficiencies and potentially reduce costs for promotional campaigns, insurance and deposit refunds, employee incentives, or whatever type of payment you need.
Merchant services
Giving your customers more ways to pay with capabilities from Bank of America Merchant Services, along with 100% U.S.-based customer service and 24/7 toll-free technical help.
Receivables management
Bank of America Intelligent Receivables™ is our cutting-edge solution for automating your payments process. Receive, process and manage payments with the power of digital flexibility. Artificial intelligence creates a better experience for your dealership and your customers.
Sustain success
Your life is filled with people and pursuits you care about. You want to make the most of your wealth so you can build, preserve, enjoy and share what you’ve earned. That’s why our advisors and commercial relationship managers work together closely to help support your connected priorities. In addition, building your employee benefits program can increase loyalty as you support the financial well-being of your employees, their families and your business.
Employee banking
Help your employees manage daily and future finances with financial wellness programs and group banking solutions that offer preferred rates and discounts on services.
Benefit and retirement plans
Address the challenges of managing a defined-benefit plan with services including investment consulting, asset management choices and actuarial consulting.
Bank of America Benefit Solutions™
Establish and administer a variety of healthcare accounts, such as HSAs and FSAs, designed to save you money and give your employees more control over their healthcare expenses.
Contact us
Are you a franchised auto or RV dealer interested in working with Bank of America?
Contact us at DealerRelationshipinquiry@bofa.com
