Auto Dealer Financing Floor Plan

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Auto dealer financing floor plan. 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. The loans are often made with a one year term and based on an aggregate budget. 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. Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership.

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. Acquiring a floor plan before lending funds floor plan financing companies will often ask dealers to provide additional information and documentation to verify dealership details. No curtailments or audit fees. Interest rate protection products to help minimize the impact of rising interest rates on your floor plan and term loans.

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Our floor plans offer quick cash flow great terms and no curtailments. Our gold plan is the industry s only no fee floor plan and offers rates as low as 80 day per 1 000 financed. 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.

So you need floor plan financing that will infuse your automotive dealership with new cars without terms that could prove difficult down the road. Monday friday 8 30 5 30 est. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. We provide flexible credit lines from 50 000 to 1 000 000 and offer a variety of floorplan financing programs specifically geared to the needs of the independent used car dealer.

What you don t realize is that like most new car dealers a floor plan was used to finance the cars. 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. Keep it with car bucks. There s never been an easier way.

For example a dealer might be able to borrow 10 million over the year to purchase 300. Though dealership savings can be used to purchase inventory one of the simplest means of acquiring inventory is using floor plan financing for used car dealers. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Let s say you make a profit of 3 000 per car sold.

Floor cars for up to.