Floor Plan Finance Software

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.

Floor plan finance software. Let s say you make a profit of 3 000 per car sold. Wholesale dealer floor plan finance software. Car financial services has focused the floor plan product specifically on the needs of the sub prime and bhph dealer market. 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.

The dealer then receives payment hopefully including a profit and remits the balance to. However not all inventory finance companies offer retail and dealership wholesale financing options. Car targets an asset class that is often times overlooked by the. 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.

These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. For example automobile dealerships utilize floor plan financing to run their businesses. Operational efficiency is critical to floorplan lenders and is a primary focus of the calms compass system. 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.

In addition to freeing up the cash a dealer has on hand other floor plan financing benefits. Floor plan finance options are popular within the automotive industry. Either draw floor plans yourself with our easy to use floor plan software just draw your walls and add doors windows and stairs. 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 finance companies are uniquely attuned to the needs of auto dealers. 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. Rules based electronic onboarding of inventory receivables electronic disbursements and drafting supplier integration daily data warehouse auto debiting and payment application and retail net funding are all standard features. Floor planning is a form of financing for large ticket items displayed on showroom floors.

We offer a state of the art approach to managing your dealer financial relationships providing value to your dealers and tracking all collateral. No training or technical drafting knowledge is required so you can get started straight away. Or order your floor plan through roomsketcher floor plan services all you need is a blueprint or sketch.