Floor Plans Used Car Dealer

Keep it with car bucks.

Floor plans used car dealer.

Car bucks was designed for you. There s never been an easier way. No curtailments or audit fees. 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.

Let s say you make a profit of 3 000 per car sold. Floor cars for up to. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory.

Contrary to common perceptions most car dealers do not pay cash for the. Floor planning is commonly used in new and used car dealerships. Our floor plans offer quick cash flow great terms and no curtailments. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability.

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. Floor plan finance companies are uniquely attuned to the needs of auto dealers. Retail floor planning also referred to as floorplanning or inventory financing is a type of short term loan used by retailers to purchase high cost inventory such as automobiles these loans are often secured by the inventory purchased as collateral. Monday friday 8 30 5 30 est.

Call or apply now 864 234 9696. 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.