Car Floor Financing

Those same new cars leaving with owners looks even better.

Car floor financing. The loans are also inspected periodically by lenders by checking the inventory of all collateralized vehicles. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. There s never been an easier way. Keep it with car bucks.

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. Floor planning is a type of inventory financing for large ticket retail items. Floor plan finance options are popular within the automotive industry. The dealer then receives payment hopefully including a profit and remits the balance to.

Our floor plans offer quick cash flow great terms and no curtailments. The greater problem the grew the stricter banks became towards approving dealers for car dealership loans. Floor plan financing for your future run your business with financial confidence. Car financial services has floor plan financing available for select independent buy here pay here dealers.

No curtailments or audit fees. The car financial services floor plan provides a dealer with a line of credit customized for their needs in order to buy inventory and keep business moving. While some lenders are unable to properly serve independent dealers nextgear capital has proudly served the independent dealer market for over ten years our floor plan financing options allow dealers to finance nearly any. Retailers use a short term loan to purchase inventory items and the loan is repaid as inventory is sold.

Dcg capital can match you with the new car dealership franchise floor plan financing you need to fill your lot and help your dealership thrive. Floor plan finance companies are uniquely attuned to the needs of auto dealers. How does floor plan financing work specifically to benefit auto dealers. What you don t realize is that like most new car dealers a floor plan was used to finance the cars.

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Floor plan loans are among the safest of all financial instruments. A sea of new cars on the lot is a beautiful thing. 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.

How do floor plans work. Floor cars for up to 180 days for maximum cash flow. 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. However not all inventory finance companies offer retail and dealership wholesale financing options.