Floor Plan Financing Software

What you don t realize is that like most new car dealers a floor plan was used to finance the cars.

Floor plan financing software. Floor planning is a form of financing for large ticket items displayed on showroom floors. 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. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. It is an easy to use floor planning tool that enables users to convey floor plan concepts to customers.

Car financial services has focused the floor plan product specifically on the needs of the sub prime and bhph dealer market. 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. For example automobile dealerships utilize floor plan financing to run their businesses. Either draw floor plans yourself with our easy to use floor plan software just draw your walls and add doors windows and stairs.

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. Car targets an asset class that is often times overlooked by the. Let s say you make a profit of 3 000 per car sold. Or order your floor plan through roomsketcher floor plan services all you need is a blueprint or sketch.

The dealer then receives payment hopefully including a profit and remits the balance to. Floor plan finance options are popular within the automotive industry. 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.

However not all inventory finance companies offer retail and dealership wholesale financing options. We offer a state of the art approach to managing your dealer financial relationships providing value to your dealers and tracking all collateral. Wholesale dealer floor plan finance software. 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.