Floor Plan Finance Agreement

This agreement made this 13 th day of february 2012 by and between avangard auto finance inc.

Floor plan finance agreement. The dealer then receives payment hopefully including a profit and remits the balance to the lender who in turn releases the title to the car to the new purchaser. In this agreement we us and our mean regions bank you and your mean the borrower. Floor plan finance companies are uniquely attuned to the needs of auto dealers. 3 amount of the line.

Floor plan agreement. And autosource enterprises inc. How does floor plan financing work specifically to benefit auto dealers. This agreement means the floor plan financing agreement.

Floor plan financing is also done for large appliances mobile homes and boats among other items and these products are usually sold to consumers with a financing contract. 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. Floor planning is a form of financing for large ticket items displayed on showroom floors. Avangard a corporation organized under the laws of the state of pennsylvania having its principal place of business at 2708 commerce way suite 300 philadelphia pa 19154.

A good rule of thumb is new car floor plans that allow for 90 days of inventory and used floor plan lines that allow for 60 days of inventory.