Used Car Floor Plans

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.

Used car floor plans.

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. Acquiring a floor plan before lending funds floor plan financing companies will often ask dealers to provide additional information and documentation to verify dealership details. The loans are also inspected periodically by lenders by checking the inventory of all collateralized vehicles. The dealer then receives payment.

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. Though dealership savings can be used to purchase inventory one of the simplest means of acquiring inventory is using floor plan financing for used car dealers. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Car bucks was designed for you.

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. Floor cars for up to 180 days for maximum cash flow. Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. Keep it with car bucks.

In addition to freeing up the cash a dealer has on hand other floor plan financing benefits can include extra flexibility in terms of paying off a particular piece of inventory payment extensions and credit increases if. Afs is accepted at all manheim and adesa auto auctions across the country. There s never been an easier way. Whether you re looking for floor plan lending or just want to know the best next step for your dealership we encourage you to reach out to us at afs today.

Our floor plans offer quick cash flow great terms and no curtailments. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. No curtailments or audit fees. What you don t realize is that like most new car dealers a floor plan was used to finance the cars.

About us afs was created to provide a financing source for independent used car dealerships to purchase wholesale inventory throughout the united states. Floor plan loans are among the safest of all financial instruments.