Floor Plan Dealer Used Cars

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.

Floor plan dealer used cars.

No curtailments or audit fees. Keep it with car bucks. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. Interest rate protection products to help minimize the impact of rising interest rates on your floor plan and term loans.

The dealer then receives payment hopefully including a profit and remits the balance to. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Floor cars for up to. A one percent rate increase can raise some dealership costs by millions of dollars.

Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership. Case studies supplementing working cash with a floor plan is a tried and true method to grow business. Floor plan finance companies are uniquely attuned to the needs of auto dealers. Monday friday 8 30 5 30 est.

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. Floor plan online floor plan online is a convenient way to access and manage your floor plan account. But because inventories are so immense the car business is very sensitive to both floor plan interest rates and the tax treatment of interest expenses. Our floor plans offer quick cash flow great terms and no curtailments.

From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. 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. Afs was created to provide a financing source for independent used car.

Floor plan loans are among the safest of all financial instruments. If your holding cost per day per unit is 44 63 and your turn time is 60 days you will spend 2677 of your profit holding on to a non selling car. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Get dealer floor plan financing today.

How does floor plan financing work specifically to benefit auto dealers. Call or apply now 864 234 9696. On top of that we offer competitive dealer floor plan rates.