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Wells Fargo CDF Becomes Inventory Financier for Vanderhall

  • Matthew Wood
  • May 22, 2018
  • OEMs

Wells Fargo Commercial Distribution Finance has entered into a financial relationship with Vanderhall Motor Works, a three-wheel vehicle manufacturer, the companies announced.

Formerly, Vanderhall provided the flooring on its own, but now Wells Fargo CDF will be assuming that role to help the OEM focus on growing its dealer base.

“Most of our dealer network is already using Wells Fargo,” said Stephen Hall, chief executive of Vanderhall told Powersports Finance. “It was an easy transition for our dealers to just add an additional line.”

Vanderhall Motor Works is partnered with 42 dealers spread across 25 states. Most of the dealer network consists of Harley-Davidson, Indian, Triumph, and BMW, and most of those dealers use Wells Fargo CDF, which made the decision behind which inventory lender to partner with simpler.

In addition to Vanderhall, Wells Fargo CDF provides floorplan financing for OEMs such as CF Moto, Mahindra, Kymco, Ducati, and Suzuki.

The Provo, UT. based-Vanderhall specializes in the manufacturing of three-wheeled, open-air autocycles. The OEM has four different models of roadsters for consumers, which feature a unique blend of automotive and powersports technology.

Wells Fargo CDF was unable to comment by press time.

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As Associate Editor of Powersports Finance, Matt Wood reports on the latest developments and trends of the powersports finance world, from innovation to new partnerships. He's also a movie/TV show buff and is willing to argue about Lost anytime. Former bylines include Scout Media and CinemaBlend.

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