ARLINGTON, Texas, July 12, 2021 – Agora Data will be speaking in the “Where Is the Money?” panel discussion at the Texas Independent Automobile Dealers Association (TIADA) Conference and Expo being held July 25-27, 2021, in Round Rock, Texas. “Where Is the Money?” overview will be held on Monday, July 26 at 11:30 am for car dealers to learn about available financing options. Chris Barry from Agora Data will talk about Agora’s breakthrough funding program that gives dealers access to expansive funding resources only accessible to the largest auto lenders
“One of the biggest obstacles dealers face is the unavailability of ample, inexpensive financing resources to expand inventory and finance customers,” said Chris Barry, SVP Sales, Agora Data. “The options dealers do have come with high-interest rates and personal guarantees. Along with fewer financing options, dealers rarely have the resources for advanced analytics and technology to gain critical business insights about their biggest asset, their loan portfolio. Agora is changing the entire business dynamic for subprime auto originators.”
With AgoraInsights, car dealers and smaller finance companies have resources to access financing options and business information, powered by artificial intelligence and machine learning. With AgoraCapital, the company created a crowdsourced financing model that gives subprime loan originators equal footing with larger enterprises. A dealer can go from borrowing money at higher retail rates to borrowing at lower wholesale rates with no personal guarantee. This innovation in auto finance gives smaller dealers financial leverage traditionally only enjoyed by large dealerships. Beyond financing, the business insights from Agora Data give dealers a deep vision into new business possibilities.
It is important for dealers to attend Agora Data’s “Where Is the Money” presentation at TIADA. Agora’s program promises to revolutionize the business and enable dealers to prosper and grow in ways they never could before. Agora representatives will be available throughout the conference and at booth #707 in the Kalahari Resorts exhibit hall.