Auto Dealer Floor Plan

Floor plan loans are among the safest of all financial instruments.

Auto dealer floor plan.

Car dealers can take advantage of flooring lines to purchase their inventory and increase their cash flow. Keep it with car bucks. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.

Available for non floored only when necessary. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days. It is a plan to finance the vehicles on your floor. But because inventories are so immense the car business is very sensitive to both floor plan interest rates and the tax treatment of interest expenses.

New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. Dealer s open lot. Dealer open lot coverage is available in conjunction with manufacturer and floor plan coverage.

Floor plan statements and inventory information available online. Dealer dealer floor plans. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. 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.

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Let s say you make a profit of 3 000 per car sold. No curtailments or audit fees. Floor cars for up to.

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. Westlake flooring services provides floor plan lines of credit to licensed auto dealers throughout all 50 states. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. A one percent rate increase can raise some dealership costs by millions of dollars.

These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. A dealer floor plan is a loan for your vehicle inventory. Inventory protection is available for motorcycle and bus dealers. Our floor plans offer quick cash flow great terms and no curtailments.

There s never been an easier way. Auto daily or weekly rental operations. As a dealer sells their unit they pay back the original loan. Monday friday 8 30 5 30 est.