Car Dealer Floor Plan Companies

This change was primarily due to two factors an increase in short term interest rates and an increase in the days supply of new vehicles.

Car dealer floor plan companies. The loans are often made with a one year term and based on an aggregate budget. No curtailments or audit fees. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory.

Our continued focus on superior customer service and competitive and flexible financing makes us the top choice for the dealer who wants a true partner in their automotive business. 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.

The average dealership incurred 40 in floor plan interest pnvr in q1 2018 compared to 17 per unit sold during 2017. Keep it with car bucks. There s never been an easier way.

Our expert funding advisors will work closely with you to select the best funding option to help you achieve your dealership s goals without sacrificing cash flow. Call or apply now 864 234 9696. For example a dealer might be able to borrow 10 million over the year to purchase 300 new cars.

Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Car dealer funding solutions we fund all automotive businesses including indepedent dealerships used car dealers repair shops service centers and more. Monday friday 8 30 5 30 est.

Dealer floor plan credit lines the first thing to note about our floor plan financing is how versatile it is. The sba first launched a pilot loan program for dealerships in july 2009 which ended in september 2010. We can even floor your trade in vehicles and purchases from other independent auctions as well as vehicles purchased from other dealers and new car dealerships.