Floor Plan For Used Car Dealers

Floor cars for up to.

Floor plan for used car dealers.

Keep it with car bucks. The dealer then receives payment hopefully including a profit and remits the balance to. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. 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. 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. 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. Let s say you make a profit of 3 000 per car sold.

Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory. Call or apply now 864 234 9696. How does floor plan financing work specifically to benefit auto dealers. 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.

Monday friday 8 30 5 30 est. Car bucks was designed for you. Floor plan loans are among the safest of all financial instruments. No curtailments or audit fees.

There s never been an easier way. 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.