Like your dream car, the correct selection of features is essential to auto dealership success and longevity. Bank of America’s Dealer Financial Services has comprehensive insight, from driving dealership diversity to navigating tight labor markets and planning for further down the road. Read our guides below and let us partner in your success.
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.
Owner's guides for dealership success
Why investing in women is really smart
The conversation about the role of women in the auto retailing industry is not a new one. But the discussion has taken on a new sense of urgency and become a mainstream topic in industry news.
Growing the Minority-dealer base
While U.S. auto consumers are more diverse than ever, minority dealers must pursue unique strategies to succeed.
Our report offers insights from industry executives and successful minority dealers.
Read the Growing the Minority-dealer base guide (PDF)
Adapting to a tight labor market
Attracting and retaining the best dealership employees is an ongoing concern, and it is not getting easier in the current labor market. New strategies and tips to address critical staffing issues are highlighted in our report.
Fuel growth
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.
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.
