Floor Plan For Used Car Dealer

Our floor plans offer quick cash flow great terms and no curtailments.

Floor plan for used car dealer.

Call or apply now 864 234 9696. Acquiring a floor plan before lending funds floor plan financing companies will often ask dealers to provide additional information and documentation to verify dealership details. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. Floor plan statements and inventory information available online.

No curtailments or audit fees. 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. Let s say you make a profit of 3 000 per car sold.

Automated floor plan audit. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Floor plan finance companies are uniquely attuned to the needs of auto dealers. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory.

Floor plan loans are among the safest of all financial instruments. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. Keep it with car bucks. A one percent rate increase can raise some dealership costs by millions of dollars.

There s never been an easier way. 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. Though dealership savings can be used to purchase inventory one of the simplest means of acquiring inventory is using floor plan financing for used car dealers. Car bucks was designed for you.

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. 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. How does floor plan financing work specifically to benefit auto dealers. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days.

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 cars for up to. Monday friday 8 30 5 30 est.