Floor Plans For Used Car Dealers With Bad Credit

Automated floor plan audit.

Floor plans for used car dealers with bad credit.

Floor plan statements and inventory information available online. No curtailments or audit fees. Floor plan loans are among the safest of all financial instruments. 2518 white horse rd.

Monday friday 8 30 5 30 est. Our gold plan is the industry s only no fee floor plan and offers rates as low as 80 day per 1 000 financed. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships.

We want to become your partners as you try to take your dealership to the next level. There s never been an easier way. Much like a credit card a floor plan financing company extends a line of credit to a car dealer. Floor cars for up to.

In a floor plan agreement a lender provides a revolving credit balance to a dealer. That credit is used by the dealer to purchase inventory from the car manufacturer. We provide flexible credit lines from 50 000 to 1 000 000 and offer a variety of floorplan financing programs specifically geared to the needs of the independent used car dealer. Call or apply now 864 234 9696.

In a nutshell our dealer floor plan experts empower independent car dealerships through credit lines all of it backed by industry best customer service stellar back end account management and competitive rates. Keep it with car bucks. Dealers can then use their floor plan line of credit to purchase inventory from auctions and other inventory sources. Greenville sc 29611 phone.

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. The lender expanded wholesale limits for more. If a dealer purchases a car on a floor plan takes it back to their lot and it doesn t sell within a contractually determined. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services.

Each piece of inventory is financed through the floor plan agreement and used as collateral. A one percent rate increase can raise some dealership costs by millions of dollars.