Jim Willis's Page

Latest Activity

Jim Willis replied to Ayrat Yunusov's discussion GapWise VS OwnerGuard
"Hello Ayrat.  My company markets for OwnerGuard Gap on the East coast.  I have 100+ dealers signed up and using OwnerGuard and have had great success with this product. OwnerGuard is accepted by most lenders and is even private labeled by…"
Feb 14
Jim Willis replied to Ann Morales's discussion reliable gps
"Hello Ann.  My name is Jim and I own Preferred Funding LLC.  We originate loans for lenders, provide floorplans to dealers, and sell warranty, gap, and GPS products.  Additionally I'm affiliated with a BHPH dealership in Delaware…"
Oct 21, 2013
Jim Willis replied to serigne's discussion Customer Financing
"We offer portal access to Wells Fargo, Gateway, and PAF in 15 states. They're buying 540+ scores, rates as low as 2.9%, 72 month terms, and minimal stips.  All loans can be rehashed by the lender.  140% advances plus warranty and…"
Jul 2, 2013
Jim Willis replied to Randy Martin's discussion AppOne
"AppOne is a good system.  They offer multiple lenders that are normally hard for dealers to obtain.  They've been around for quite some time and generally fund deals without issue. --------- With that said, there are other ways to get…"
Jul 2, 2013
Jim Willis replied to Jay FitzGerald's discussion Any banks doing used car leasing?
"Used car leasing can be a challenge for independent dealers.  However there are several companies that could offer you a solution.  Below is one suggestion with whom I'm friends with... Check out www.DriveItNow.net as they offer 4-5…"
Jul 2, 2013
Jim Willis commented on Charlie Hernandez's blog post Looking for a Used Car Warranty
"We recommend AUL for your 3 month to 3 year service contract requirements.  We also suggest Reliable for their 5  year plus additional 100k mileage service contract that can be sold on any year car with any mileage.  Both provide…"
May 25, 2013
Jim Willis commented on JOHN MARK's blog post DEEP SUBPRIME LENDER NEEDED
"Give Preferred Funding a call at 302-887-9603.  They offer several financing solutions for Delaware and surrounding area dealers ranging from no credit check subprime to prime.  (www.PFL2.com)"
May 4, 2013
Jim Willis replied to Jay FitzGerald's discussion Reinsurance Program
"Hello Jay.... I'd be happy to email you some information.  Our administration company has been in business for over 20 years, offers excellent service, and low fees.  We've currently manage several lenders and a large volume of…"
Mar 26, 2013
Jim Willis replied to jason h's discussion aftermarket warranty
"We offer several warranty solutions.... 3 month to 5 year service contracts with day one coverage, service drive contracts, and any year any mileage 5 year/100k warranty solutions.  We also set dealers up with retrospective programs where…"
Feb 9, 2013
Jim Willis replied to Dave Fortney's discussion Carvant Financial
"For the last year I've been selling GPS units to Carvant for their loans.... They are a great group of people to work with.  Their business has been steadily increasing and they are growing into new states.  The owners are hands on…"
Apr 25, 2012
Jim Willis replied to Robin Martin's discussion dealer financing
"Hello.... Auto Use floorplans are accepted nationwide at most auctions.  They also offer a checkbook program for buying vehicles "off the street", a 360 day float option, and very reasonable fees. For more information, visit…"
Apr 6, 2012
Jim Willis replied to malcolm r spears's discussion Does Ally Floorplan independent dealers
"Preferred Funding does floor plans nationwide.  Give Jim a call at 302-887-9603.  Below is a overview of their program:       120 Day Extendable Term / Up to 360 Day Float    …"
Jan 8, 2012
Jim Willis replied to Jason Vallett's discussion Great Finance Companies for Small Independent Dealer
"Here's Preferred Funding's loan program... if interested call Jim @ 302-293-9465 or visit www.PFL2.com  They also provide floorplans... ask about their "Free Floorplan" program with retail customer financing.   NO…"
Oct 8, 2011
Jim Willis replied to DAVID WESSON's discussion who is best floor plan company?
"Yes they do floorplan.  I'm an agent for the Bank and I posted their program a week ago on this blog.  Feel free to call me at 302-293-9465 if you'd like some more information or have questions.  Thanks - Jim"
Sep 25, 2011
Jim Willis replied to DAVID WESSON's discussion who is best floor plan company?
"      120 Day Extendable Term / Up to 360 Day Float     ·  10% Curtailment Due at 60 days     ·  10% Curtailment Due at 90 days     ·  Payoff or re-floor at 120 days       100% Advance     ·  100% Auction advance     ·  100% of NADA Loan Value on…"
Sep 16, 2011
Jim Willis replied to Frank's discussion TAX RETURN TIME
"If your customers don't have the proper down payment for BHPH, but make at least $1k per month... we can help.  If you need an additional subprime lender call Preferred Funding today or visit our website www.PFL2.com for more…"
Jan 31, 2011

Profile Information

Preferred Funding LLC
Managing Member
Dealership, Allied Industry or Finance Company?
Finance Company
If Dealership, Franchise or Independent
Not Applicable
Your web site
Biography/Work Summary

Preferred Funding LLC is committed to building long term relationships with Dealers. This business is challenging, intense, demanding, and as such requires key components to operate smoothly and efficiently, if optimum results are to be achieved.

Preferred Funding LLC offers the following products and services:

FREE Consumer Financing for Cars, Trucks - Prime to Sub-Prime Financing available
Consumer Financing for RVs, Boats, Cycles, Powersports
Dealer Floor Planning
Vehicle Service Contracts
Gap Waiver Protection
Dealer Reassurance Programs
Bulk Portfolio Sales
GPS Tracking and Starter Interrupt Units
Virtual F&I Servicing

By partnering with national providers, our group of auto dealers will raise the bar for a new industry standard in lending. Obtaining auto financing with less than perfect credit has never been easier for your customers.

For more information, visit our website at www.PreferredFundingLLC.com.
June 8

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