Vehicle Floor Plan

No curtailments or audit fees.

Vehicle floor plan. Let s say you make a profit of 3 000 per car sold. Floor planning flooring vehicles is a way to acquire inventory but it can have negative consequences if payments curtailments or payoffs are not made on time. As soon as that vehicle sells to a consumer floor planning dealers have the ability to immediately realize profits pay back the initial value of the loan plus interest and fees and had the flexibility to keep.

Floor plan lenders include local and regional banks large national banks and financing companies owned by the manufacturing companies like toyota financial or ford credit. Keep it with car bucks. Our floor plans offer quick cash flow great terms and no curtailments.

With a floor plan the initial investment needed to buy a particular unit is a fraction of the vehicle s actual purchase price. Curtailment schedules vary by floor plan providers but they generally range from 5 20 of the original loan proceeds on each vehicle every 30 60 90 120 days. 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. There s never been an easier way. So they work with lenders who provide floor plan lines of credit for those vehicles financing through a lender that is secured by each vehicle and its vin number.

New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships.