Dealer Floor Plan Rates

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Dealer floor plan rates. Let s say a dealer makes a profit of 3000 per car sold. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. Floor plan statements and inventory information available online.

Our floor plans offer quick cash flow great terms and no curtailments. You may wonder how much the dealer had to spend to provide you with almost limitless choices. While some lenders are unable to properly serve independent dealers nextgear capital has proudly served the independent dealer market for over ten years our floor plan financing options allow dealers to finance nearly any.

But those days are over as interest rates climb. 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. However not all inventory finance companies offer retail and dealership wholesale financing options.

On the 180th day final payment is due. Dealership paid 61 per new and used vehicle in floorplan expense vs. 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.

On the 120th day pay accumulated fees along with 10 curtailment. For example a dealer might be able to borrow 10 million over the year to purchase 300. Floor plan finance options are popular within the automotive industry.

Let s say you make a profit of 3 000 per car sold. There s never been an easier way. Keep it with car bucks.