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.

Keep it with car bucks. Monday friday 8 30 5 30 est. There s never been an easier way. Local dealerships purchase their inventories through financing called floor plan lending here s how it works.

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. 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. 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. The niada and nada have done extensive studies that show used vehicles should be turned every 45 days as your ability to make money on aged inventory goes down over time.

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. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. For example let s say you want to sell 60 units per month.

This may not fit all dealer s business models. It is a plan to finance the vehicles on your floor. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. Call or apply now 864 234 9696.

No curtailments or audit fees. 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. 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.

We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days. This floor plan finance formula is essentially the following. Car dealers can take advantage of flooring lines to purchase their inventory and increase their cash flow. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory.

Westlake flooring services provides floor plan lines of credit to licensed auto dealers throughout all 50 states. As a dealer sells their unit they pay back the original loan. Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership. Monthly desired sales divided by how many times your lot is turned per year multiplied by 12.

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