How To Get A Floor Plan For Cars

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.

How to get a floor plan for cars.

Floor plan finance companies are uniquely attuned to the needs of auto dealers. Used inventory should be turned every 45 days because your ability to make money on aged inventory goes down over time. There s never been an easier way. You may obtain a dealer floor plan from a bank or there are many dealer floor plan providers listed by clicking here.

Our floor plans offer quick cash flow great terms and no curtailments. Retail floor planning also referred to as floorplanning or inventory financing is a type of short term loan used by retailers to purchase high cost inventory such as automobiles these loans are often secured by the inventory purchased as collateral. Local dealerships purchase their inventories through financing called floor plan lending here s how it works. A dealer floor plan is a loan for your vehicle inventory.

You may also go to google bing or yahoo and type in dealer floor plan providers. Get the range of inventory that will turn visitors into buyers with afc s automotive inventory financing programs. Use your afc line of credit to purchase customer trades dealer to dealer transactions and inventory acquisitions made from auctions leasing companies and other sources. Floor cars for up to 180 days for maximum cash flow.

In this situation you would need to stock 80 units based on 60 desired sales per month and a 40 day average turn time. Contrary to common perceptions most car dealers do not pay cash for the. How does floor plan financing work specifically to benefit auto dealers. It is a plan to finance the vehicles on your floor.

This floor plan finance formula is essentially the following. Based upon what the car dealer thinks will sell the best the new car dealer places its new car orders with the manufacturer. The first thing to note about our floor plan financing is how versatile it is. Buy in proportion to your sales figures.

The answer is fairly simple. Afs is accepted at all manheim and adesa auto auctions across the country. Keep it with car bucks. The nationwide industry standard process is called floor plan lending and it works like this.

Floor planning is commonly used in new and used car dealerships. No curtailments or audit fees. Monthly desired sales divided by how many times your lot is turned per year multiplied by 12. We can even floor your trade in vehicles and purchases from other independent auctions as well as vehicles purchased from other dealers and new car dealerships.