About Lever

Lever is a floor plan finance company focused on doing right by its dealers.

When you sign on with Lever, you become part of a community of independent dealers who want to do things differently. You get access to digital tools to easily manage your floor plan. We offer flat monthly subscription based pricing with absolutely no fees, regardless of the number of cars floored.

Lever doesn’t stop at funding. Our platform provides pricing and local benchmarking to optimize your inventory management process so you are well positioned in your local market.

Simple tools and clear pricing that will allow dealers to focus on what they do best, selling cars.

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Website
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Employees
201-500 employees View all Lever employees link out icon
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Industry
Financial Services
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Headquarter
287 Park Ave South, Ste. 700, New York, New York 10010, US
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Founded
2020
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Keywords
Fintech, Auto Finance, Floor Plan Lending

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Frequently Asked Questions about Lever

Who is the CEO of Lever?

John Mizzi is the CEO of Lever. To contact John Mizzi email at [email protected]. Or you may call 734-355-0973

Who are the decision makers in Lever?

The decision makers in Lever are Benjamin Smith, Charbel Abboud, David Sutton, etc. Click to Find Lever decision makers emails.

What is floor plan financing and how does it work?

Floor plan financing is a type of short-term loan that auto dealers use to purchase their inventory. It allows dealers to finance the vehicles on their lot, enabling them to maintain a diverse selection of cars without tying up their capital. With Lever, dealers can access flexible financing solutions that are tailored to their specific needs, ensuring they have the necessary funds to stock their lots and meet customer demand.

What types of dealers does Lever support?

Lever primarily supports independent auto dealers across various segments, including used car dealerships, specialty vehicle dealers, and more. Our services are designed to cater to the unique needs of these dealers, providing them with the financial tools necessary to thrive in a competitive market. By joining Lever, dealers become part of a community that prioritizes their success and growth.

What are the benefits of partnering with Lever for floor plan financing?

Partnering with Lever offers numerous benefits, including competitive interest rates, flexible repayment terms, and a streamlined application process. Our fintech solutions are designed to simplify the financing experience, allowing dealers to focus on their business rather than financial complexities. Additionally, Lever's commitment to supporting independent dealers fosters a collaborative environment where dealers can share insights and best practices.

How does Lever ensure transparency in its financing solutions?

Lever is dedicated to transparency in all its financial dealings. We provide clear terms and conditions, ensuring that dealers understand their financing options and obligations. Our team is always available to answer questions and clarify any aspects of the financing process. We believe that open communication is key to building trust and long-lasting relationships with our dealers.

Can Lever assist with refinancing existing floor plan loans?

Yes, Lever offers refinancing options for dealers looking to improve their current floor plan financing terms. Our team will work closely with you to assess your existing loans and identify opportunities for better rates or terms. Refinancing can help reduce monthly payments or free up cash flow, allowing dealers to invest more in their business operations.

What industries beyond auto dealerships can benefit from Lever's financing solutions?

While Lever primarily focuses on the auto finance sector, our flexible financing solutions can also be adapted for other industries that require inventory financing, such as recreational vehicle (RV) dealers, marine dealers, and powersport dealers. Our goal is to provide tailored financial solutions that help businesses manage their inventory effectively, regardless of the specific industry.

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