Commercial Distribution Finance
Floorplan reference rate, New Zealand
12.1250%1 per annum
Effective as of 1 March 2023
Website last updated 6 March 2023
1 Month Bank Bill Reference Rate (BKBM)2 :
1 Month Bank Bill Reference Rate 1 February: 4.5300 %
1 Month Bank Bill Reference Rate 1 March: 4.8750%
1 Subject to change without notice
2 Should the BKBM fall below zero, the BKBM shall be deemed to be zero when calculating the CDF Reference Rate New Zealand and no further movement in the BKBM will be applied to the CDF Reference Rate until such time as the BKBM moves above zero again.
Working with us
Smart solutions for growing businesses
As the inventory financing provider of choice for more than 30,000 dealers and nearly 1,200 manufacturers (OEMs) and distributors globally, Wells Fargo Commercial Distribution Finance (CDF) is invested in the long-term success of its customers and the industries it serves.
Inventory financing (also known as floorplan financing) enables efficient, uninterrupted flow of inventory through the distribution channel, allowing our customers to focus on what matters most to them – managing and growing their business.
In working with CDF, you gain access to tenured employees who have deep domain expertise, a steadfast financing provider that has remained committed to the industries it serves through many cycles, and data, analytics and other value added services to help your business make more informed decisions.
- Stocking optimal inventory levels, increasing inventory availability at point of sale, and enabling sales growth
- Extended repayment terms, often subsidized by the Manufacturer (OEM) – improving cash flow and liquidity
- Credit Lines sized to help meet your business needs
- Reduced working capital requirements allows for optimized allocation of capital
- Responsive and personal account management with 24/7 access to online customer system and analytical tools
Subject to satisfactory credit and other approvals. Terms and conditions apply.
- Increased sales and improved liquidity
- Customized inventory finance programs designed to drive sales growth across dealer channel
- Reduced credit risk
- Accelerated funding and reduced days sales outstanding ratio
- Transfer capital burden of financing customers
- General and administrative expense reduction by transferring collection, underwriting, and collateral management services
- Robust anti-money laundering screening process for your dealer network
- Automated electronic data transmission and 24/7 online account management and analytical tools
Subject to satisfactory credit and other approvals. Terms and conditions apply.
How we support you
Supporting the efficient, uninterrupted flow of products from manufacturer to dealer
As a steadfast financing provider through many cycles, CDF is dedicated to and invested in the long-term success of its customers.
We provide best-in-class customer service and have tenured employees who are knowledgeable about the industries we serve, and also offer robust systems, data, and analytics. Our financing solutions and other services are here to help our customers’ businesses be the best they can be. In fact, 96% of our customers say that CDF helps them grow and succeed.1
1. 96% of global CDF survey respondents answered “yes” to the question “Does your relationship with CDF help your business succeed or help enable your growth?” Includes 3,310 responses received from January 1, 2019 to December 31, 2019.
Relationships that stand the test of time
Our customer relationships stand the test of time. CDF has over 65 years of inventory financing experience and we have demonstrated our commitment to support the industries we serve, throughout many cycles, time and time again. We understand the importance of being there for our customers to manage through various market environments, together.
Our customer relationships stand the test of time. CDF has over 65 years of inventory financing experience and we have demonstrated our commitment to support the industries we serve, throughout many cycles, time and time again. We understand the importance of working closely with both OEMs and dealers to manage through various market environments, together.
Size and scale to support your growth
Dealers: We can help you simplify your business. By leveraging our financing relationships with our Manufacturers and Distributors across ANZ, more of your inventory can be financed by one lender, which means you can:
- Simplify by using only one system
- Benefit from a more efficient process
- Enjoy access to more data
- Share and learn best practices
- Take advantage of a financing program that fits your needs
DISCLAIMER: Subject to satisfactory credit and other approvals. Terms and conditions apply.
Manufacturers and Distributors: Our scale, scope and experience with dealers across ANZ helps ensure that you can optimise the flow of inventory through your distribution channel.
Tenured team ready to work for you
Dealers:
- CDF has tenured employees, who understand your industry and are knowledgeable about your local markets to better understand your challenges and support your needs.
We are committed to providing best-in-class service, which means continuously asking for and acting on feedback from our customers. 91% of CDF’s customers rank our customer service as a 9 or 10 on a 0-10 scale—a score in which we take great pride.2
2. Based on an 11 point scale. 3,235 customer surveys received from global CDF survey respondents to questions asking about the professionalism, knowledge and/or respectfulness of the employee they interacted with from January 1, 2019 through December 21, 2019.
Manufacturers and Distributors:
- CDF has engaged leaders who are committed to promoting growth in its industries and tenured employees, located around the globe, who are knowledgeable about your industry and local markets so they can better understand your challenges and support your needs and the needs of your dealers.
- We are committed to providing best-in-class service, which means continuously asking for and acting on feedback from our customers. 91% of CDF customers rank our customer service as a 9 or 10 on a 0-10 scale, a score that we are proud of. 2
- CDF’s account management and field services teams are our team members – knowledgeable about our products and systems, responsive, and invested in the success of you, our customers.
91% of CDF’s customers rank our customer service as a 9 or 10 on a 0-10 scale—a score in which we take great pride.2
2. Based on an 11 point scale. 3,235 customer surveys received from global CDF survey respondents to questions asking about the professionalism, knowledge and/or respectfulness of the employee they interacted with from January 1, 2019 through December 21, 2019.
Simplifying your business with tools and technology
Dealers: COMS is CDF’s robust, proprietary inventory management system. COMS is an easy-to-use internet-based account management application that gives you and designated members of your business 24/7 online access to account information, billing statements, secure payment options, inventory management reports, analytics, and more. By using COMS, our customers can receive real-time notifications on key account activity and have access to data to help make more informed business decisions.
Manufacturers and Distributors: Our technology solutions make inventory management easier and faster, plus we give you access to data and analytics to help you manage your business and dealer network. You also benefit from:
- A robust electronic data interface (EDI) enabling a simple, automated exchange of data processed via a secure connection including order approvals, invoice processing, remittance reporting and more – resulting in reduced transaction cycle-time, less work for your business and improved accuracy.
- A proprietary account management system, COMS, which gives you and your global dealer network 24/7 online access to inventory management, real-time notifications, payments and data, and analytics for greater transparency into portfolio performance, trends, and other key metrics that matter most to you.
Propelling your growth with business intelligence
Dealers: We know knowledge is power. CDF provides its dealer customers with inventory reporting, market, economic and industry data, and proprietary analytics to help you gain transparency into key performance trends and take your business to its next level.
Manufacturers and Distributors: We know knowledge is power. CDF provides our Manufacturers and Distributors with data and insights on sales trends, economic and industry data, market dynamics and insights into the health of your dealer network – giving you greater transparency into your channel and helping your dealers perform at their best.
Invested in your industry
With long-standing expertise in more than 20 industries and $42 billion in annual floor plan financing, we’re dedicated to growing businesses like yours. We are organized around our customers, dedicated to the industries we support.
Marine
CDF ANZ has more than 45 years of industry expertise financing boats, engines, and trailers. As one of the largest global inventory financing provider to the industry, we understand the needs of your business.
Our dedication to the marine industry has stood the test of time. We have supported the industry in times of growth and remained committed to the industry during challenging times. Our team are highly skilled and focused on providing you with easy-to-use products and services, and programs that will help you achieve your business goals.
Recreational Vehicles
CDF ANZ has supported the Caravan and RV Industry in Australia and New Zealand for over 40 years. Our Team consists of domain experts who are deeply embedded in the industry. The team is dedicated to providing competitive programs, proprietary analytics, and best-in-class service to Caravan & RV dealers and Manufacturers and Distributors across the country.
CDF ANZ continues to work in close Partnership with the Caravan Industry Association of Australia (CIAA). Through sponsorship of Industry events, providing expert key note speakers from within Wells Fargo and delivery of value added insights and analytics. Our partnership has allowed us to stay abreast of Industry changes and developments. Understanding the industries in which our customers operate in allows us to confidently provide value and support to our customers.
Key segments include: Caravans, Pop-ups, Camper Trailers and Motorhomes.
Lawn and Garden (& Outdoor Power Equipment)
CDF ANZ provides financing to more than 35 suppliers (manufacturers and distributors) and their dealer networks in the lawn and garden, agriculture, and light industrial equipment markets. For more than 45 years, we have provided our industry and financing expertise to help our customers achieve their growth and profitability goals.
Motorsports
For over 45 years, CDF has provided powersports inventory financing for (Manufacturers, Distributors and dealers in the Motorcycle, ATV, Side by Side, PWC and Snowmobile Industries.
Technology
With a rich heritage of building and supporting growth in the technology industry, we value that no two companies are the same. That’s why we back our flexible, global financing solutions with brand-independent tech industry expertise and insights to deliver programs tailored to your requirements both now and in the future.
Learn more about our capabilities in the United States and Internationally.
Electronics and Appliances
For more than 66 years, the Global CDF team has delivered inventory financing solutions, services, and market intelligence to the global electronics and appliances (E&A) industry. Our Global CDF team has in-depth industry expertise and a commitment to provide the best products and customer service to the industry, we help E&A dealers maximize cash flow, maintain healthy inventory levels, and—by stocking a diverse inventory base—encourage repeat business from the end consumer.
Simplified Inventory Financing with Wells Fargo Commercial Distribution Finance
