Floor Plan Finance Software

Let s say you make a profit of 3 000 per car sold.

Floor plan finance software.

We offer a state of the art approach to managing your dealer financial relationships providing value to your dealers and tracking all collateral. While some lenders are unable to properly serve independent dealers nextgear capital has proudly served the independent dealer market for over ten years our floor plan financing options allow dealers to finance nearly any. 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. Operational efficiency is critical to floorplan lenders and is a primary focus of the calms compass system.

Either draw floor plans yourself with our easy to use floor plan software just draw your walls and add doors windows and stairs. The dealer then receives payment hopefully including a profit and remits the balance to. Floor planning is a form of financing for large ticket items displayed on showroom floors. Car targets an asset class that is often times overlooked by the.

Wholesale dealer floor plan finance software. Floor plan finance companies are uniquely attuned to the needs of auto dealers. Car financial services has focused the floor plan product specifically on the needs of the sub prime and bhph dealer market. However not all inventory finance companies offer retail and dealership wholesale financing options.

Planningwhiz floor planner is a 2d 3d floor planning software for interior designers real estate agents property developers and furniture retailers. The car financial services floor plan provides a dealer with a line of credit customized for their needs in order to buy inventory and keep business moving. Or order your floor plan through roomsketcher floor plan services all you need is a blueprint or sketch. Floor plan finance options are popular within the automotive industry.

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. It is an easy to use floor planning tool that enables users to convey floor plan concepts to customers. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. In addition to freeing up the cash a dealer has on hand other floor plan financing benefits.

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. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. No training or technical drafting knowledge is required so you can get started straight away.