Auto Dealership Floor Plan

Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services.

Auto dealership floor plan.

A one percent rate increase can raise some dealership costs by millions of dollars. Call or apply now 864 234 9696. Our floor plans offer quick cash flow great terms and no curtailments. Floor cars for up to.

Floor plan loans are among the safest of all financial instruments. 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. Contrary to common perceptions most car dealers do not pay cash for the. No curtailments or audit fees.

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. Monday friday 8 30 5 30 est. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships.

There s never been an easier way. Keep it with car bucks. Floor planning is commonly used in new and used car dealerships. Floor plan statements and inventory information available online.

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.