Dealer Floor Plan Financing

Our dealer floor plan financing program was built with you in mind to satisfy those needs so you can continue to grow your business.

Dealer floor plan financing.

An auto rv manufactured home etc. 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. To do this subtract your monthly selling expenses from your total expenses for the month. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.

Dealer floor plan finance program triad financial services inc. From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Dealer financial services from bb t offers a full range of retail and dealer services and solutions for you and your clients including dealer finance dealer commercial services portfolio acquisition services recreational lending and more.

New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. That s why we connect you to lenders that won t just offer attractive floor plan financing terms for your physical assets but also blue sky financing for the intangible ones. We see the bigger picture. Financing beyond the floor plan at dcg capital dealership financing isn t just about putting new cars in your showroom.

What you don t realize is that like most new car dealers a floor plan was used to finance the cars. Understands that a manufactured home dealer needs access to funds to purchase display inventory or pre sold inventory for their customers. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Floor plan statements and inventory information available online.

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. When each piece of collateral is sold by the dealer the loan advance against that piece of collateral is repaid. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. First figure out your monthly holding cost.

These loans are made against a specific piece of collateral i e.