Floor Plan Dealer Used Cars

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.

Floor plan dealer used cars.

Floor cars for up to. Our floor plans offer quick cash flow great terms and no curtailments. Call or apply now 864 234 9696. Case studies supplementing working cash with a floor plan is a tried and true method to grow business.

A one percent rate increase can raise some dealership costs by millions of dollars. City auto finance is a locally owned and operated floorplan company dedicated to providing unparalleled customer service and meeting the unique financial needs of used car dealers in the mid south. 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. Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership.

There s never been an easier way. The dealer then receives payment hopefully including a profit and remits the balance to. On top of that we offer competitive dealer floor plan rates. To learn more about how dealer floor plan financing works and how it can help your dealership to grow and to thrive we invite you to contact afs today.

These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Keep it with car bucks. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Floor plan online floor plan online is a convenient way to access and manage your floor plan account.

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. How does floor plan financing work specifically to benefit auto dealers. Afs was created to provide a financing source for independent used car. Floor plan loans are among the safest of all financial instruments.

Monday friday 8 30 5 30 est. What you don t realize is that like most new car dealers a floor plan was used to finance the cars. Let s say you make a profit of 3 000 per car sold. No curtailments or audit fees.

From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. Get dealer floor plan financing today. 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.