Floor Planners And Finacing For New Dealers

The dealer then receives payment hopefully including a profit and remits the balance to the lender who in turn releases the title to the car to the new purchaser.

Floor planners and finacing for new dealers.

Floor plan financing is also done for large appliances mobile homes and boats among other items and these products are usually sold to consumers with a financing contract. Call or apply now 864 234 9696. The loans are often made with a one year term and based on an aggregate budget. To learn more about our dealer floor plan financing program call us at 1 800 522 2013 ext.

For example automobile dealerships utilize floor plan financing to run their businesses. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.

For example a dealer might be able to borrow 10 million over the year to purchase 300. Our floor plans offer quick cash flow great terms and no curtailments. Floor plan finance companies are uniquely attuned to the needs of auto dealers. There s never been an easier way.

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. Dealers can also take advantage of the most competitive floor plan inventory insurance programs in the nation. Monday friday 8 30 5 30 est. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships.

Floor plan statements and inventory information available online. Floor planning is a form of financing for large ticket items displayed on showroom floors. So you need floor plan financing that will infuse your automotive dealership with new cars without terms that could prove difficult down the road. Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing.

Keep it with car bucks. Dcg capital has helped numerous new car dealers acquire floor plan loans getting customers the best terms and conditions while providing a stunning inventory increasing sales and expanding their. Let s say you make a profit of 3 000 per car sold. An auto rv manufactured home etc.

Floor plan lenders include local and regional banks large national banks and financing companies owned by the manufacturing companies like toyota financial or ford credit.