Floor Plan For Used Car Dealers

What you don t realize is that like most new car dealers a floor plan was used to finance the cars.

Floor plan for used car dealers. Car bucks was designed for you. No curtailments or audit fees. Call or apply now 864 234 9696. There s never been an easier way.

Floor cars for up to. Floor plan loans are among the safest of all financial instruments. Our floor plans offer quick cash flow great terms and no curtailments. Keep it with car bucks.

Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. A one percent rate increase can raise some dealership costs by millions of dollars. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Floor plan finance companies are uniquely attuned to the needs of auto dealers.

Monday friday 8 30 5 30 est. 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. 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. Let s say you make a profit of 3 000 per car sold.

The dealer then receives payment hopefully including a profit and remits the balance to. 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.