Floor Plans Used Car Dealer

A one percent rate increase can raise some dealership costs by millions of dollars.

Floor plans used car dealer. 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 commonly used in new and used car dealerships. Call or apply now 864 234 9696. 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.

Our floor plans offer quick cash flow great terms and no curtailments. How does floor plan financing work specifically to benefit auto dealers. Keep it with car bucks. Contrary to common perceptions most car dealers do not pay cash for the.

Let s say you make a profit of 3 000 per car sold. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. There s never been an easier way. Car bucks was designed for you.

Floor cars for up to. Monday friday 8 30 5 30 est. No curtailments or audit fees. Floor plan loans are among the safest of all financial instruments.

Retail floor planning also referred to as floorplanning or inventory financing is a type of short term loan used by retailers to purchase high cost inventory such as automobiles these loans are often secured by the inventory purchased as collateral. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days.