Sue McConnachie | May 19, 2023
OEM Commercial Credit Reports collect information that details financial and credit history and provides a risk assessment for prospective dealers, operators, invested principals and/or general managers.
Unlike many reports, an Enhanced Commercial Credit Report goes even further, helping you draw more sophisticated conclusions while identifying any worrisome patterns that could have an adverse effect on your business.
Sue McConnachie | Jun 06, 2018
Your candidate may appear to be ideal during the initial review process, but there could be information that your prospective dealer or operator may not be disclosing - increasing your risks.
Sue McConnachie | Aug 02, 2017
Imagine a potential dealer comes to you indicating that they are quickly growing and are interested in floorplan financing.
After some negotiation, you enter into a dealership agreement in which your company will maintain ownership of the inventory and the dealer will accrue 18% interest on the financing until the inventory is paid in full. You also require them to submit an online warranty for registration within seven days of each sale.
A deal is struck.
A few years later, you’re filing a claim against the dealer for $2.5 million in damages, plus interest owed.
Seems unimaginable, but this is exactly what happened to luxury power and sail manufacturer, Beneteau America.
Sue McConnachie | Apr 29, 2017
Whether you are in the software, automotive or equipment industry, a key component to ensuring the success of your dealership is selecting the best team of operators to represent your brand.
Quality Credit Reporting is North America’s premiere credit reporting agency, committed to providing unparalleled, high-quality reports and services.
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