Modelbanks
Modelbanks are financial institutions that specialize in the lending and leasing of models, particularly in the automotive industry. They serve as intermediaries between manufacturers and dealerships, providing a streamlined process for acquiring new or used vehicles. Modelbanks typically offer a range of services, including the purchase of new vehicles directly from manufacturers, the acquisition of used vehicles from private sellers or other dealerships, and the leasing of vehicles to dealerships.
The primary function of a modelbank is to facilitate the flow of vehicles from manufacturers to dealerships,
Modelbanks operate on a credit basis, meaning that dealerships must maintain a certain level of credit with
Overall, modelbanks play a crucial role in the automotive industry by providing a reliable source of vehicles