On June 25, 2008 the Midwest Retail Motor Vehicle Finance Association ws formed with the mission of fostering, promoting and advancing relationships between lending institutions and motor vehicle retailers. Other goals of the association include the following:

  • Accumulating, processing and disseminating information relative to the retail finance industry.
  • Developing, compiling and providing to association lending partners information, which will promote and sustain long lasting relationships between retailers and lending sources.
  • Providing relevant information to regulatory and lawmaking bodies so that they may have a better understanding of potential effects of proposed laws, rules and regulations on the retailer, lender and consumer.
  • Providing educational opportunities for fuller understanding of ethical responsibilities to the consumer and lending insititution before, during and after the retail installment transactions are completed.
  • Assisting in the recruiting of potential partners offering lending services to association members and partners.
  • Anticipating, recognizing and responding to current and future issues and needs of the motor vehicle lender and consumer.

 

 

The association currently represents 150 plus franchised and independent automobile, RV, marine and powersports dealerships in the Midwest. If your firm would like more information on the association and what it could do to generate new business and foster additional relationships, please contact us today!