Floor Stock Financing Malaysia

Go to any large auto dealer and there are hundreds of cars on the lot.

Floor stock financing malaysia. When each piece of collateral is sold by the dealer the loan advance against that piece of collateral is repaid. 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 plan finance companies are uniquely attuned to the needs of auto dealers. Floor planning is a type of inventory financing for large ticket retail items.

6904 9686 61 ubi avenue 2 06 04 automobile megamart singapore 408898. Since aug 2016 blog mmfsolutions my blog. These loans are made against a specific piece of collateral i e. An auto rv manufactured home etc.

You may wonder how much the dealer had to spend to provide you with almost limitless choices. Sgcarmart financial services offers floor stock financing and consumer inhouse car loans. We are here to ease your cash flow and fulfill your needs. Retailers use a short term loan to purchase inventory items and the loan is repaid as inventory is sold.

Flexible high loan approval at competitive rates. How does floor plan financing work specifically to benefit auto dealers. Floor stocking involves the financing of vehicle stocks from appointed dealers upon presentation of the sola of exchange. What you don t realize is that like most new car dealers a floor plan was used to finance the cars.

After the clearance of excise duty by the customs through the electronic excise system ess the manufacturer distributor will forward the financing documents required for vehicles registration for the vehicle to maybank. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. We are malaysia financial advisory investment advisor malaysia malaysia share market and financial advisor malaysia. Floor stock financing home floor stock financing bdo leasing provides a revolving short term credit and financing facility mainly to vehicles and transport dealers in order to finance their purchase of inventory assets mainly motor vehicles trucks and heavy equipment from manufacturers.

Multiple drawdowns are allowed. Here s what our floor stocking facility offers your business.