What Is A Dealer Floor Plan

Case studies supplementing working cash with a floor plan is a tried and true method to grow business.

What is a dealer floor plan.

An auto rv manufactured home etc. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. It is a plan to finance the vehicles on your floor. 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.

A dealer floor plan is a loan for your vehicle inventory. Fee disclosure form and compensation agreement for agent services in connection with an sba 7 a loan. Our experienced client managers are dedicated to the automobile dealer market. Our floor plans offer quick cash flow great terms and no curtailments.

Read more about sba form 147. These loans are made against a specific piece of collateral i e. No curtailments or audit fees. Their extensive experience allows them to understand your business and its requirements and they can create a plan geared toward your success.

Get floor plan buying power to over 1 000 live and online auctions nationwide. 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. Note 7 a loans. Effortless easy to use dealer financing options title services 24 7 account management and best in class customer service.

From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. Monday friday 8 30 5 30 est. Floor plan lines of credit. Note 7 a loans.

Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. Let s say you make a profit of 3 000 per car sold. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.

The loans are often made with a one year term and based on an aggregate budget. Keep it with car bucks. For example a dealer might be able to borrow 10 million over the year to purchase 300. Call or apply now 864 234 9696.

Dealer dealer floor plans. There s never been an easier way.