Jim Willis
  • Male
  • Middletown, DE
  • United States
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Jim Willis's Page

Latest Activity

Jim Willis replied to Randy Martin's discussion Which Floorplan company do you prefer
"Our Lender's floorplan is quite different than others... they give you a 1 year float, a checkbook to buy cars off the street, and they're accepted at the same auctions as AFC and Next Gear.  Additionally depending on your state, the…"
22 hours ago
Jim Willis replied to Ryan's discussion Exteneded Warranties
"Take a look at Preferred Funding... They represent AUL Warranties which is one of the premier warranty companies out there.  AUL offers 3 month to 5 year service contracts at inexpensive prices! For more info go to www.PreferredFundingLLC.com"
Sep 3, 2014
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, 2014
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 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 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 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 KARONEL PLOTT's discussion WESTLAKE FINANCIAL in the group Used Vehicle Group
"Need a lender like Westlake but with no recourse? We rep for an east coast lender who has been in business for over 20 years. They advance 75-80% of NADA RETAIL with no customer scoring and No Recourse. The dealer keeps the customer down payment and…"
May 12, 2009
Jim Willis replied to Charlie Hernandez's discussion Is it better to do BHPH as opposd to Credit Acceptance? in the group Used Vehicle Group
"Need a lender like CAC but who has higher advances on 3+ rated customers? We rep for an east coast lender who has been in business for over 20 years. They advance 75-80% of NADA RETAIL with no customer scoring and No Recourse. The dealer keeps the…"
May 11, 2009
Jim Willis joined Greg Goebel's group
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Used Vehicle Group

Used cars, used trucks, certified pre-owned, cream puffs, you name we can talk about it here. A group to help dealers focus on one of the most important profit centers of a dealership.See More
May 11, 2009

Profile Information

Company
Preferred Funding LLC
Position
Managing Member
Dealership, Allied Industry or Finance Company?
Allied Industry
If Dealership, Franchise or Independent
Not Applicable
Your web site
http://www.PreferredFundingLLC.com
Biography/Work Summary
WELCOME TO PREFERRED FUNDING LLC !

We connect both Independent and Franchise Dealers to Regional Lenders who provide Sub-Prime to Prime financing solutions.

Additional product offerings include:

· Nationwide Floorplans for Independent & Franchise Dealers
· FREE Dealer Floor Planning Option Available
· AUL Vehicle Service Contracts from 3 months to 5 years
· Gap Waiver Protection Insured by AmTrust for $99
· GPS Tracking and Starter Interrupt Devices for $79

Also available are Retro and Reinsurance programs for all your of F&I products.

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