Used Car Dealer Floor Plan

Assuming the average turn time is 40 days you would turn your inventory nine times in a year.

Used car dealer floor plan.

No curtailments or audit fees. Our floor plans offer quick cash flow great terms and no curtailments. As a dealer sells their unit they pay back the original loan. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense.

Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Our continued focus on superior customer service and competitive and flexible financing makes us the top choice for the dealer who wants a true partner in their automotive business. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Monthly desired sales divided by how many times your lot is turned per year multiplied by 12.

You may obtain a dealer floor plan from a bank or there are many dealer floor plan providers listed by clicking here you may also go to google bing or yahoo and type in dealer floor plan providers. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. Westlake flooring services provides floor plan lines of credit to licensed auto dealers throughout all 50 states. There s never been an easier way.

For example let s say you want to sell 60 units per month. It is a plan to finance the vehicles on your floor. However your floor plan company is going to get nervous if they see a vehicle on your lot for an extended period. Dealer dealer floor plans.

A dealer floor plan is a loan for your vehicle inventory. Keep it with car bucks. This may not fit all dealer s business models. Car dealers can take advantage of flooring lines to purchase their inventory and increase their cash flow.

City auto finance is a locally owned and operated floorplan company dedicated to providing unparalleled customer service and meeting the unique financial needs of used car dealers in the mid south. Local dealerships have a better sense than anyone what vehicles will sell best in their markets cars or trucks suv s or compacts sports cars luxury cars or more affordable models. This floor plan finance formula is essentially the following. Monday friday 8 30 5 30 est.

Local dealerships purchase their inventories through financing called floor plan lending here s how it works. Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. Floor cars for up to.

Call or apply now 864 234 9696.