Floor Stock Financing Singapore

Keep your stock level healthy by using this credit line to finance your vehicles.

Floor stock financing singapore.

What you don t realize is that like most new car dealers a floor plan was used to finance the cars. After the clearance of excise duty by the customs through the electronic excise system ess the manufacturer distributor will forward the financing documents required for vehicles registration for the vehicle to maybank. You may wonder how much the dealer had to spend to provide you with almost limitless choices. Go to any large auto dealer and there are hundreds of cars on the lot.

Retailers use a short term loan to purchase inventory items and the loan is repaid as inventory is sold. Best stock broker for singapore investors. Floor stock financing home floor stock financing bdo leasing provides a revolving short term credit and financing facility mainly to vehicles and transport dealers in order to finance their purchase of inventory assets mainly motor vehicles trucks and heavy equipment from manufacturers. Floor plan finance companies are uniquely attuned to the needs of auto dealers.

I ve been getting a lot of queries recently on the best stock brokers that i recommend for singapore investors. Support is the dollar price where there is more demand. If a stock price reaches resistance and trades down on higher volume it is likely that it will decline to test the support or floor. 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.

We are here to ease your cash flow and fulfill your needs. Sing investments finance limited was incorporated in singapore on 13 november 1964 and was listed on the singapore stock exchange in july 1983. With more than 10 000 car listings it offers the largest. Flexible high loan approval at competitive rates.

How does floor plan financing work specifically to benefit auto dealers. Simply it is a way for an auto dealer to use a. The company has more than 50 years of lending experience in the financing arena in singapore. Floor stock financing a revolving credit line that will allow you to free up much needed funds for the daily cashflow needs.

Floor stocking involves the financing of vehicle stocks from appointed dealers upon presentation of the sola of exchange.