Auto Dealer Floor Plan Line Of Credit

Our experienced client managers are dedicated to the automobile dealer market.

Auto dealer floor plan line of credit.

A floor plan account can benefit your operation and increase your. Afs is accepted at all manheim and adesa auto auctions across the country. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. Floor plan lines of credit.

After you obtain a dealer floor plan you may then purchase your inventory with your dealer floor plan. Auto credit we strive to continue business with our dealers as we provide additional floor plan financing. When each piece of collateral is sold by the dealer the loan advance against that piece of collateral is repaid. Dealer floor plan credit lines the first thing to note about our floor plan financing is how versatile it is.

Dealers that take advantage of an auto dealer line of credit have one of the simplest means of acquiring financing to purchase inventory and one of the most flexible ways to free up dealership cash flow. The floor plan facility allows the automobile dealer to obtain financing for automobile inventory. An auto rv manufactured home etc. Their extensive experience allows them to understand your business and its requirements and they can create a plan geared toward your success.

Advances under the facility are made against specific automobiles as collateral. Typically most dealers have a set amount of savings on hand to pay for inventory and dealership expenses. Auto dealer floor planning services at u s. Floor plan account benefits.

When you sell a vehicle your bank will require that you pay off the portion of the loan that was used to purchase that vehicle. Financing the operations of a car dealership requires a specialized type of loan called a floor plan line of credit. These loans are made against a specific piece of collateral i e. 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.

A dealer floor plan is basically like a revolving line of credit.