Auto Floor Planning Financing
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Auto floor planning financing. From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. City auto finance is a locally owned and operated floorplan company dedicated to providing unparalleled customer service and meeting the unique financial needs of used car dealers in the mid south. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. Much like a credit card a floor plan financing company extends a line of credit to a car dealer.
Our floor plans offer quick cash flow great terms and no curtailments. Case studies supplementing working cash with a floor plan is a tried and true method to grow business. So they work with lenders who provide floor plan lines of credit for those vehicles financing through a lender that is secured by each vehicle and its vin number. Floor planning is a type of inventory financing for large ticket retail items.
Retailers use a short term loan to purchase inventory items and the loan is repaid as inventory is sold. This floor plan finance formula requires a good handle on total dealership expenses and inventory for the entire month. Floor cars for up to 180 days for maximum cash flow. There s never been an easier way.
New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. Many major banks offer the floor plan arrangement to its larger retail customers. Also the major automobile manufacturers in the united states created gmac ford motor credit co. No curtailments or audit fees.
With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Dealers can then use their floor plan line of credit to purchase inventory from auctions and other inventory sources. And chrysler credit to provide both floor planning to its dealers as well as to make car loans to buyers. Keep it with car bucks.
First figure out your monthly holding cost. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services.
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