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Keep it with car bucks.
Auto floor plan company. Let s say you make a profit of 3 000 per car sold. Dealers can then use their floor plan line of credit to purchase inventory from auctions and other inventory sources. Much like a credit card a floor plan financing company extends a line of credit to a car dealer. No curtailments or audit fees.
Floor planning is a form of financing for large ticket items displayed on showroom floors. For example automobile dealerships utilize floor plan financing to run their businesses. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Our floor plans offer quick cash flow great terms and no curtailments.
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. For example a dealer might be able to borrow 10 million over the year to purchase 300. 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 cars for up to 180 days for maximum cash flow.
There s never been an easier way. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.
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