Monday, Oct. 08, 2007, 08:00 PM UPDATED 11:59 AMBy Nick Zulovich
YORBA LINDA, Calif. — Flex Fund Financial Services recently announced that it has entered into an operating agreement with Copart.
Through the agreement, Flex Fund is partnering with Copart to offer used-car floor planning services for Copart's customers, which include licensed dismantlers, rebuilders and used-vehicle dealers.
With this deal, Copart will now accept Flex Fund's used-car floor planning at its salvage auction locations and for online purchases.
"We're very excited to partner with Copart," said Cliff James, Flex Fund's chief executive officer. "Copart is a major market leader in the salvage vehicle industry. They meet the needs of their large customer base with a variety of services that minimize transaction time and cost.
"Flex Fund's innovative inventory financing options will add value to Copart's solutions, and improve salvage services for both suppliers and buyers," he noted.
Copart offers virtual bidding through its VB2 technology. This technology enables buyers to participate in live sales on the Internet and place bids in real time. The company operates more than 130 facilities worldwide.
To establish a VB2 credit line, go to .