Floor Plan Financing Used Car Dealers

Call or apply now 864 234 9696.

Floor plan financing used car dealers.

Keep it with car bucks. Floor plan finance companies are uniquely attuned to the needs of auto dealers. Our floor plans offer quick cash flow great terms and no curtailments. The dealer then receives payment hopefully including a profit and remits the balance to.

Monday friday 8 30 5 30 est. 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. No curtailments or audit fees. 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.

How does floor plan financing work specifically to benefit auto dealers. Let s say you make a profit of 3 000 per car sold. 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. 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.

There s never been an easier way. Local dealerships purchase their inventories through financing called floor plan lending here s how it works. 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. Floor cars for up to.