Floor Plans Used Car Dealer

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

Floor plans used car dealer.

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. 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. There s never been an easier way. Contrary to common perceptions most car dealers do not pay cash for the.

Monday friday 8 30 5 30 est. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. 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. Car bucks was designed for you.

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. Call or apply now 864 234 9696. Floor plan loans are among the safest of all financial instruments.

Floor plan finance companies are uniquely attuned to the needs of auto dealers. Floor planning is commonly used in new and used car dealerships. No curtailments or audit fees. Floor cars for up to.

How does floor plan financing work specifically to benefit auto dealers. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days.