Floor Plans For Used Car Dealers With Bad Credit

In a floor plan agreement a lender provides a revolving credit balance to a dealer.

Floor plans for used car dealers with bad credit. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. That credit is used by the dealer to purchase inventory from the car manufacturer. 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.

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

Keep it with car bucks. There s never been an easier way. Floor plan statements and inventory information available online. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services.

No curtailments or audit fees. Floorplan woes no longer floor car dealers ally financial is increasing wholesale credit lines for dealers as they ride the wave of improved sales. The lender expanded wholesale limits for more. 2518 white horse rd.

We want to become your partners as you try to take your dealership to the next level. Floor cars for up to. Greenville sc 29611 phone. Dealers can then use their floor plan line of credit to purchase inventory from auctions and other inventory sources.

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 a dealer purchases a car on a floor plan takes it back to their lot and it doesn t sell within a contractually determined. 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.

Our floor plans offer quick cash flow great terms and no curtailments. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense.