Floor Plan Financing Software

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.

Floor plan financing software.

Floor planning is a form of financing for large ticket items displayed on showroom floors. Car financial services has focused the floor plan product specifically on the needs of the sub prime and bhph dealer market. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Car targets an asset class that is often times overlooked by the.

Buy lyrica overnight shaw systems offers a comprehensive wholesale dealer floor plan finance software including a self service dealer portal and an equipment floor plan. 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. No training or technical drafting knowledge is required so you can get started straight away. 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.

For example automobile dealerships utilize floor plan financing to run their businesses. Wholesale dealer floor plan finance software. The arrangement is most commonly used when large assets such as automobiles or household appliances are involved. 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.

Let s say you make a profit of 3 000 per car sold. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. Floor plan finance options are popular within the automotive industry. Floor planning is a method of financing inventory purchases where a lender pays for assets that have been ordered by a distributor or retailer and is paid back from the proceeds from the sale of these items.

Planningwhiz floor planner is a 2d 3d floor planning software for interior designers real estate agents property developers and furniture retailers. Either draw floor plans yourself with our easy to use floor plan software just draw your walls and add doors windows and stairs. It is an easy to use floor planning tool that enables users to convey floor plan concepts to customers. The dealer then receives payment hopefully including a profit and remits the balance to.