Floor Plan For Used Car Dealers

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

Floor plan for used car dealers.

Floor plan loans are among the safest of all financial instruments. 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. Call or apply now 864 234 9696. Keep it with car bucks.

These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. No curtailments or audit fees. Car bucks was designed for you. 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.

Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. 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. The dealer then receives payment hopefully including a profit and remits the balance to.

There s never been an easier way. A one percent rate increase can raise some dealership costs by millions of dollars. Our floor plans offer quick cash flow great terms and no curtailments. Floor cars for up to.

Monday friday 8 30 5 30 est. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days.