Floor Plan Financing For New Dealers

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.

Floor plan financing for new dealers. Dealer dealer floor plans. 1616 and a representative will be in touch with you soon. For example automobile dealerships utilize floor plan financing to run their businesses. You may obtain a dealer floor plan from a bank or there are many dealer floor plan providers listed by clicking here you may also go to google bing or yahoo and type in dealer floor plan providers.

Keep it with car bucks. Dcg capital has helped numerous new car dealers acquire floor plan loans getting customers the best terms and conditions while providing a stunning inventory increasing sales and expanding their legacies. Monday friday 8 30 5 30 est. 1 discount variable and fixed rate offers only available on new lending with a minimum loan amount of 200 000.

So you need floor plan financing that will infuse your automotive dealership with new cars without terms that could prove difficult down the road. To learn more about our dealer floor plan financing program call us at 1 800 522 2013 ext. Let s say you make a profit of 3 000 per car sold. It is a plan to finance the vehicles on your floor.

Our floor plans offer quick cash flow great terms and no curtailments. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Floor planning is a form of financing for large ticket items displayed on showroom floors. Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing.

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. There s never been an easier way. Dealers can also take advantage of the most competitive floor plan inventory insurance programs in the nation. These loans are made against a specific piece of collateral i e.

Call or apply now 864 234 9696. An auto rv manufactured home etc. In addition to freeing up the cash a dealer has on hand other floor plan financing benefits can include extra flexibility in terms of paying off a particular piece of inventory payment extensions and credit increases if. The fixed rate discount will apply until the end of your fixed term or until you request us to vary the loan.

Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. 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.