Floor Plan Dealer Used Cars

A one percent rate increase can raise some dealership costs by millions of dollars.

Floor plan dealer used cars.

The dealer then receives payment hopefully including a profit and remits the balance to. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. No curtailments or audit fees. Case studies supplementing working cash with a floor plan is a tried and true method to grow business.

Let s say you make a profit of 3 000 per car sold. Interest rate protection products to help minimize the impact of rising interest rates on your floor plan and term loans. 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. 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.

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. Floor plan online floor plan online is a convenient way to access and manage your floor plan account. On top of that we offer competitive dealer floor plan rates. Monday friday 8 30 5 30 est.

Call or apply now 864 234 9696. Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership. Get dealer floor plan financing today. Our floor plans offer quick cash flow great terms and no curtailments.

What you don t realize is that like most new car dealers a floor plan was used to finance the cars. From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away. 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. Simply it is a way for an auto dealer to use a lender s funds to finance the cars and until each of them is sold the lender holds title to the cars.

Floor cars for up to. Keep it with car bucks. How does floor plan financing work specifically to benefit auto dealers. There s never been an easier way.

These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Afs was created to provide a financing source for independent used car. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.