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Mecum Financial Services celebrates five years and US$150 million financed
Mecum Auctions founder and president Dana Mecum (left) and Mecum director of financial services Lee Giannone (Photo: Business Wire)
Mecum’s Indy 2024 Auction Marks MFS’s Fifth Anniversary and 3,368 Vehicle Loans to Date
WALWORTH, Wisconsin, May 17, 2024–(BUSINESS WIRE)–Mecum Financial Services (MFS) celebrated its fifth successful year of providing competitive loans to Mecum customers at the 37th Dana Mecum Original Spring Classic. Held May 10-18 at the Indiana State Fairgrounds, the Indy 2024 auction featured the presentation of a ceremonial check showing more than $150 million – the amount MFS has thus far helped Mecum customers secure for their purchase. of your dream vehicles.
Mecum Auctions launched the MFS loan program five years ago at Dana Mecum’s 33rd Original Spring Classic auction in Indianapolis and has since facilitated more than 3,368 individual loan transactions for the purchase of classic and collector automobiles sold at Mecum events. The show’s success inspired the recent ceremonial check presentation at this year’s Indy auction, with MFS Director Lee Giannone taking the stage to present the check for $153,163,470 to Mecum Auctions Founder and President Dana Mecum .
“From the beginning, we recognized an underserved market niche that, if delivered and served effectively, would add value to both Mecum Auctions and our clients,” said Giannone. “Five years later, the number of transactions and total loan volume prove the value we are offering new and existing customers to purchase the collector car of their dreams.”
MFS was developed to expand Mecum’s full collector car services to include financing in addition to buying, selling and transportation, making Mecum Auctions a convenient one-stop shop for buyers and sellers. Unlike traditional post-purchase bank financing or credit union financing, which is often not offered for older classic cars, the MFS program is focused on the unique financing requirements of collector cars and motorcycles in an auction environment. . MFS offers competitive rates and a streamlined application process that can be completed in just three minutes.
For more information about Mecum Financial Services or upcoming Mecum auctions, visit Mecum.com or call (262) 275-5050. The Mecum website is updated daily with the latest shipments and includes detailed descriptions and photographs of the vehicles and other items offered.
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Mecum Auctions
Communications Department
Breeann Poland
bpoland@mecum.com