Floor Planners And Finacing For New Dealers

Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing.

Floor planners and finacing for new dealers. 1616 and a representative will be in touch with you soon. Dealers can also take advantage of the most competitive floor plan inventory insurance programs in the nation. Let s say you make a profit of 3 000 per car sold. Monday friday 8 30 5 30 est.

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. To learn more about our dealer floor plan financing program call us at 1 800 522 2013 ext. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. 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 planning is a form of financing for large ticket items displayed on showroom floors. These loans are made against a specific piece of collateral i e. Call or apply now 864 234 9696. 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.

New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. For example automobile dealerships utilize floor plan financing to run their businesses. There s never been an easier way.

Keep it with car bucks. Floor plan finance companies are uniquely attuned to the needs of auto dealers. The loans are often made with a one year term and based on an aggregate budget. Our floor plans offer quick cash flow great terms and no curtailments.

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. 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. 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. Floor plan statements and inventory information available online.

For example a dealer might be able to borrow 10 million over the year to purchase 300.