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.

Monday friday 8 30 5 30 est. Our floor plans offer quick cash flow great terms and no curtailments. A dealer floor plan is a loan for your vehicle inventory. 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.

Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership. 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. Dealer dealer floor plans. For example let s say you want to sell 60 units per month.

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. No curtailments or audit fees. Keep it with car bucks. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.

Westlake flooring services provides floor plan lines of credit to licensed auto dealers throughout all 50 states. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. However your floor plan company is going to get nervous if they see a vehicle on your lot for an extended period. 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.

Car dealers can take advantage of flooring lines to purchase their inventory and increase their cash flow. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. 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.

New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. This may not fit all dealer s business models. There s never been an easier way. It is a plan to finance the vehicles on your floor.

Floor plan statements and inventory information available online. This floor plan finance formula is essentially the following. As a dealer sells their unit they pay back the original loan. Call or apply now 864 234 9696.

Floor cars for up to.