Evaluating the Establishment of a Product Vendor Third-Party Financing Program
Fully In-House or Third-Party Financing Program Options
There are two basic ways for a product vendor to establish a customer product financing program.
The first is to establish their own in-house financing operation, discussed in detail in Chapter 4. Typically, in the recent past, the setting up of an in-house financing operation by a product vendor was not considered a viable option because it required establishing from the ground up a specialized and fully functional operation, which included hiring a credit manager, an operations manager, legal counsel, a state and local sales and property tax manager, and document review specialists, in addition to ...
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