Floor Plan Financing Software

Car targets an asset class that is often times overlooked by the.

Floor plan financing software.

While some lenders are unable to properly serve independent dealers nextgear capital has proudly served the independent dealer market for over ten years our floor plan financing options allow dealers to finance nearly any. However not all inventory finance companies offer retail and dealership wholesale financing options. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. Floor planning is a form of financing for large ticket items displayed on showroom floors.

Either draw floor plans yourself with our easy to use floor plan software just draw your walls and add doors windows and stairs. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. The arrangement is most commonly used when large assets such as automobiles or household appliances are involved. Car financial services has focused the floor plan product specifically on the needs of the sub prime and bhph dealer market.

Floor plan finance options are popular within the automotive industry. For example automobile dealerships utilize floor plan financing to run their businesses. Let s say you make a profit of 3 000 per car sold. We offer a state of the art approach to managing your dealer financial relationships providing value to your dealers and tracking all collateral.

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. 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. Buy lyrica overnight shaw systems offers a comprehensive wholesale dealer floor plan finance software including a self service dealer portal and an equipment floor plan. It is an easy to use floor planning tool that enables users to convey floor plan concepts to customers.

Floor planning is a method of financing inventory purchases where a lender pays for assets that have been ordered by a distributor or retailer and is paid back from the proceeds from the sale of these items. No training or technical drafting knowledge is required so you can get started straight away. The dealer then receives payment hopefully including a profit and remits the balance to. Or order your floor plan through roomsketcher floor plan services all you need is a blueprint or sketch.