Used Car Dealer Floor Plan

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.

Used car dealer floor plan.

It is a plan to finance the vehicles on your floor. 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. 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. Monday friday 8 30 5 30 est.

Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. Local dealerships purchase their inventories through financing called floor plan lending here s how it works. Floor plan statements and inventory information available online. Assuming the average turn time is 40 days you would turn your inventory nine times in a year.

Keep it with car bucks. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. Call or apply now 864 234 9696. For example let s say you want to sell 60 units per month.

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. This floor plan finance formula is essentially the following. 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.

Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. However your floor plan company is going to get nervous if they see a vehicle on your lot for an extended period. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. 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. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days. There s never been an easier way. Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership.

No curtailments or audit fees. Westlake flooring services provides floor plan lines of credit to licensed auto dealers throughout all 50 states. Dealer dealer floor plans. Floor cars for up to.

As a dealer sells their unit they pay back the original loan.