Floor Plans Used Car Dealer

We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days.

Floor plans used car dealer.

Contrary to common perceptions most car dealers do not pay cash for the. Floor planning is commonly used in new and used car dealerships. 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. No curtailments or audit fees.

Our floor plans offer quick cash flow great terms and no curtailments. Let s say you make a profit of 3 000 per car sold. Keep it with car bucks. Floor cars for up to.

Floor plan loans are among the safest of all financial instruments. Car bucks was designed for you. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. There s never been an easier way.

Monday friday 8 30 5 30 est. Call or apply now 864 234 9696. A one percent rate increase can raise some dealership costs by millions of dollars. 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.

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. Floor plan finance companies are uniquely attuned to the needs of auto dealers.