Floor Plan Dealer Used Cars

These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability.

Floor plan dealer used cars.

Afs was created to provide a financing source for independent used car. There s never been an easier way. Call or apply now 864 234 9696. 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.

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. 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. Monday friday 8 30 5 30 est. A one percent rate increase can raise some dealership costs by millions of dollars.

Keep it with car bucks. No curtailments or audit fees. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership.

To learn more about how dealer floor plan financing works and how it can help your dealership to grow and to thrive we invite you to contact afs today. Interest rate protection products to help minimize the impact of rising interest rates on your floor plan and term loans. Our floor plans offer quick cash flow great terms and no curtailments. 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.

Floor plan finance companies are uniquely attuned to the needs of auto dealers. Floor plan online floor plan online is a convenient way to access and manage your floor plan account. From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. How does floor plan financing work specifically to benefit auto dealers.

Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Let s say you make a profit of 3 000 per car sold. Get dealer floor plan financing today. On top of that we offer competitive dealer floor plan rates.

Floor plan loans are among the safest of all financial instruments. Floor cars for up to. 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.