Jim Willis's Page

Latest Activity

Jim Willis replied to JAY SAUL's discussion GPS
"I sell GPS to 7 lenders.  They all feel the benefits of being able to locate their car is well worth the expense.  Additionally many lenders use the starter interrupt feature as a collection tool.  Also many repo companies will charge…"
Jun 3
Jim Willis replied to MICHAEL SOLOMON's discussion Best source for start up floor plan
"For startups I'd recommend Next Gear floorplanning. Once you're 1 year old... I'd suggest looking at our floorplan as our bank is quite different than others... we give you a 1 year float, a checkbook to buy cars off the street, and…"
Jun 3
Jim Willis replied to Randy Martin's discussion Which Floorplan company do you prefer
"Our bank floorplans are quite different than others... we give you a 1 year float, a checkbook to buy cars off the street, and we're accepted at the same auctions as AFC and Next Gear.  Additionally depending on your state, our bank will…"
Jun 3
Jim Willis replied to Chris Williamson's discussion Anyone use AFC Floor plan financing and increase your Limit?
"Generally most floorplan companies will increase your line every 3-4 months, assuming you're using at least 75% of the line amount, have positive audits, and are paying your curtailments on time. With that said.... If you decide you want an…"
Jun 3
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

Profile Information

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

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.
Birthday
June 8

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