Floor Plan Dealer Used Cars

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 dealer used cars.

Our floor plans offer quick cash flow great terms and no curtailments. Let s say you make a profit of 3 000 per car sold. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Case studies supplementing working cash with a floor plan is a tried and true method to grow business.

How does floor plan financing work specifically to benefit auto dealers. No curtailments or audit fees. Floor plan finance companies are uniquely attuned to the needs of auto dealers. Keep it with car bucks.

Afs was created to provide a financing source for independent used car. 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. 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. Interest rate protection products to help minimize the impact of rising interest rates on your floor plan and term loans.

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Call or apply now 864 234 9696. Get dealer floor plan financing today. Floor cars for up to.

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. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. Floor plan online floor plan online is a convenient way to access and manage your floor plan account. Monday friday 8 30 5 30 est.

To learn more about how dealer floor plan financing works and how it can help your dealership to grow and to thrive we invite you to contact afs today. On top of that we offer competitive dealer floor plan rates. There s never been an easier way. A one percent rate increase can raise some dealership costs by millions of dollars.

From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. Floor plan loans are among the safest of all financial instruments. 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.