Floor Plan Leasing Automobiles

The loans are often made with a one year term and based on an aggregate budget.

Floor plan leasing automobiles. 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. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. At this time we have no known confirmed cases of covid 19 among our auto use workforce. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.

Div id ember416 class ember view nav id head all class ember view navbar navbar default div class container fluid div class navbar header main bs. Floor cars for up to 180 days for maximum cash flow. For example a dealer might be able to borrow 10 million over the year to purchase 300. Find out how nextgear capital dealers are tackling the challenges of today s market head on by properly.

Our floor plans offer quick cash flow great terms and no curtailments. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Floor plan lenders include local and regional banks large national banks and financing companies owned by the manufacturing companies like toyota financial or ford credit.

Keep it with car bucks. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. At auto use we are committed to the health and safety of our team members clients partners and guests. Case studies supplementing working cash with a floor plan is a tried and true method to grow business.

Currently auto use is fully operational to serve your buying selling and financial needs. The dealer then receives payment hopefully including a profit and remits the balance to. How does floor plan financing work specifically to benefit auto dealers. There s never been an easier way.

No curtailments or audit fees. Floor plan finance companies are uniquely attuned to the needs of auto dealers. If you plan on leasing from the same automaker again we suggest asking to have these fees reduced or waived as part of your negotiation on the new car.