Kevin Lawton headshot Kevin Lawton

Episode 102 – The World of Dealership Finance

In this episode, I am joined by Garry Bartecki of GB Financial services and also the cover story author of the September 2020 issue of Material Handling Wholesaler. Garry and I discuss the world of dealership finance as we get into the current state of finance due to COVID-19, financing vs. leasing vs. renting, and how operations can work with their dealers to save some money during slower times.

Key Takeaways

  • Garry has been involved in the financing world for over 40 years working with dealers in multiple different ways. In those 40 years, there has never been anything quite like what has happened in the last few months during the pandemic. Garry discusses what the current climate looks like in financing which includes banks being more strict with loans. He mentions even companies that are in good standing are getting put under the microscope for new financing. This has to lead to a shift into renting over financing.
  • Rentals are on the rise as there is so much change going on in their current environment. Garry’s guidance is to rent for the current need and then send back the equipment when it is not needed anymore. This allows for more flexibility and also keeps you from any long term commitment that may hurt you in a slower business period. He also recommends taking a look at all your current agreements and discussing with dealers if there are any potential changes to the terms that could be beneficial to you.
  • During the current times, Garry suggests taking a close look at all of your current equipment and what costs are associated with them. He says to prepare for the long haul and not to take on any additional debt through leasing or financing which is why he favors renting. Additionally, he suggests looking at options for your lift trucks that may reduce overall costs like switching to lithium-ion batteries. Overall, taking a magnifying glass to your costs right now is the way to protect your balance sheet and help you get through tougher times.


EP 102: The World of Dealership Finance

This is the 4th installment of our partnership with Material Handling Wholesaler Magazine focusing on the cover story for their September 2020 issue. Host Kevin Lawton talks to cover story author Garry Bartecki of GB Financial Services about the current state of financing due to COVID. They get into financing vs. leasing vs. renting and how operations can work with dealers to alleviate some costs in slower times. Find the new issue of Material Handling Wholesaler at

Read the full cover story at Material Handling Wholesaler’s website here.

Connect with Garry on LinkedIn here