No curtailments or audit fees.
Auto floor plan financing.
Contrary to common perceptions most car dealers do not pay cash for the.
Using cash or a bank line of credit to purchase inventory can work for some car dealers but many floor plan financing companies offer a variety of dealer specific benefits.
From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away.
For example automobile dealerships utilize floor plan financing to run their businesses.
What you don t realize is that like most new car dealers a floor plan was used to finance the cars.
Floor plan lenders include local and regional banks large national banks and financing companies owned by the manufacturing companies like toyota financial or ford credit.
The first thing to note about our floor plan financing is how versatile it is.
We can even floor your trade in vehicles and purchases from other independent auctions as well as vehicles purchased from other dealers and new car dealerships.
Interest rate protection products to help minimize the impact of rising interest rates on your floor plan and term loans.
Floor plan online floor plan online is a convenient way to access and manage your floor plan account.
Our floor plans offer quick cash flow great terms and no curtailments.
Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership.
Floor plan finance companies are uniquely attuned to the needs of auto dealers.
Floor planning is commonly used in new and used car dealerships.
The dealer then receives payment hopefully including a profit and remits the balance to.
Keep it with car bucks.
Afs is accepted at all manheim and adesa auto auctions across the country.
Floor planning is a form of financing for large ticket items displayed on showroom floors.
Floor cars for up to 180 days for maximum cash flow.
Retail floor planning also referred to as floorplanning or inventory financing is a type of short term loan used by retailers to purchase high cost inventory such as automobiles these loans are often secured by the inventory purchased as collateral.
For example a dealer might be able to borrow 10 million over the year to purchase 300.
Simply it is a way for an auto dealer to use a lender s funds to finance the cars and until each of them is sold the lender holds title to the cars.
Let s say you make a profit of 3 000 per car sold.
Case studies supplementing working cash with a floor plan is a tried and true method to grow business.
There s never been an easier way.
