How To Get A Floor Plan For Cars

Open a line of credit purchase inventory with that credit sell inventory and pay back the loan.

How to get a floor plan for cars.

Floor planning is commonly used in new and used car dealerships. How does floor plan financing work specifically to benefit auto dealers. Floor planning is a basic process. Our floor plans offer quick cash flow great terms and no curtailments.

There s never been an easier way. Get the range of inventory that will turn visitors into buyers with afc s automotive inventory financing programs. Local dealerships have a better sense than anyone what vehicles will sell best in their markets cars or trucks suv s or compacts sports cars luxury cars or more affordable models. Keep it with car bucks.

Monthly desired sales divided by how many times your lot is turned per year multiplied by 12. You may also go to google bing or yahoo and type in dealer floor plan providers. 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. In this situation you would need to stock 80 units based on 60 desired sales per month and a 40 day average turn time.

Floor plan finance companies are uniquely attuned to the needs of auto dealers. 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. Afs is accepted at all manheim and adesa auto auctions across the country. Contrary to common perceptions most car dealers do not pay cash for the.

Local dealerships purchase their inventories through financing called floor plan lending here s how it works. 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. The nationwide industry standard process is called floor plan lending and it works like this. 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.

Floor cars for up to 180 days for maximum cash flow. No curtailments or audit fees. You may obtain a dealer floor plan from a bank or there are many dealer floor plan providers listed by clicking here. The first thing to note about our floor plan financing is how versatile it is.

The answer is fairly simple. Buy in proportion to your sales figures. This floor plan finance formula is essentially the following. It is a plan to finance the vehicles on your floor.