Floor Plan Fee Buying A Car

The car financial services floor plan provides a dealer with a line of credit customized for their needs in order to buy inventory and keep business moving.

Floor plan fee buying a car. A flooring or floor plan assistance fee is for holding vehicles at the dealership. The loans are often made with a one year term and based on an aggregate budget. Usually the factory pays this as part of the holdback itemized as a separate invoice item. Car targets an asset class that is often times overlooked by the.

As a dealer sells their inventory they pay back the original loan. Floor plan interest can cost 150 per month for each car. No curtailments or audit fees. On an eclipse invoice i have the factory gave the dealer 185 in floor plan assistance and the dealer itemized it to the buyer as a fee double collecting for 370.

Car financial services has focused the floor plan product specifically on the needs of the sub prime and bhph dealer market. Floor cars for up to 180 days for maximum cash flow. There s never been an easier way. If a dealer purchases a car on a floor plan takes it back to their lot and it doesn t sell within a contractually determined number of days dealers are charged a small fee.

Carbucks is accepted at all adesa and manheim. We currently operate in 22 states. Like many things it s the cost of doing business and shouldn t be passed on to shoppers like yourself. Dealerships typically acquire vehicles using credit rather than cash which can grow more expensive if inventory isn t sold fast enough.

Keep it with car bucks.