Floor Plans Used Car Dealer

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Floor plans used car dealer.

Floor planning is commonly used in new and used car dealerships. Contrary to common perceptions most car dealers do not pay cash for the. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days. 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.

Monday friday 8 30 5 30 est. 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. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Call or apply now 864 234 9696.

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. Let s say you make a profit of 3 000 per car sold. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. Floor plan loans are among the safest of all financial instruments.

Keep it with car bucks. 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. A one percent rate increase can raise some dealership costs by millions of dollars. No curtailments or audit fees.

There s never been an easier way. Our floor plans offer quick cash flow great terms and no curtailments.