Dealer Floor Plan Financing

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

Dealer floor plan financing.

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. This floor plan finance formula requires a good handle on total dealership expenses and inventory for the entire month. Financing beyond the floor plan at dcg capital dealership financing isn t just about putting new cars in your showroom. First figure out your monthly holding cost.

In addition to freeing up the cash a dealer has on hand other floor plan financing benefits can include extra flexibility in terms of paying off a particular piece of inventory payment extensions and credit increases if necessary. Floor plan statements and inventory information available online. 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. To do this subtract your monthly selling expenses from your total expenses for the month.

Dealer financial services from bb t offers a full range of retail and dealer services and solutions for you and your clients including dealer finance dealer commercial services portfolio acquisition services recreational lending and more. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. 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. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense.

We see the bigger picture. These loans are made against a specific piece of collateral i e. An auto rv manufactured home etc. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships.

Dealer floor plan finance program triad financial services inc. Our dealer floor plan financing program was built with you in mind to satisfy those needs so you can continue to grow your business. From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. What you don t realize is that like most new car dealers a floor plan was used to finance the cars.

Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.