Floor Plans Used Car Dealer

Floor cars for up to.

Floor plans used car dealer.

Floor plan finance companies are uniquely attuned to the needs of auto dealers. Let s say you make a profit of 3 000 per car sold. No curtailments or audit fees. There s never been an easier way.

Contrary to common perceptions most car dealers do not pay cash for the. A one percent rate increase can raise some dealership costs by millions of dollars. Floor plan loans are among the safest of all financial instruments. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability.

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. Monday friday 8 30 5 30 est. 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.

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 planning is commonly used in new and used car dealerships. Call or apply now 864 234 9696. 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.

Keep it with car bucks. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory.