Floor Plans Used Car Dealer

There s never been an easier way.

Floor plans used car dealer.

Car bucks was designed for you. How does floor plan financing work specifically to benefit auto dealers. 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. Floor plan loans are among the safest of all financial instruments.

Floor plan finance companies are uniquely attuned to the needs of auto dealers. No curtailments or audit fees. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. Floor planning is commonly used in new and used car dealerships.

A one percent rate increase can raise some dealership costs by millions of dollars. Monday friday 8 30 5 30 est. 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. 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.

Our floor plans offer quick cash flow great terms and no curtailments. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Call or apply now 864 234 9696. Contrary to common perceptions most car dealers do not pay cash for the.

We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days. Let s say you make a profit of 3 000 per car sold.