Floor Plan Financing
Monthly desired sales divided by how many times your lot is turned per year multiplied by 12. That s why we connect you to lenders that won t just offer attractive floor plan financing terms for your physical assets but also blue sky financing for the intangible ones.
Increase sales and improve cash flow while also providing your dealers with a quick and easy option to finance inventory purchases.
Floor plan financing. 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. Our dealer floor plan financing program was built with you in mind to satisfy those needs so you can continue to grow your business. However not all inventory finance companies offer retail and dealership wholesale financing options.
We see the bigger picture. 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. Financing beyond the floor plan at dcg capital dealership financing isn t just about putting new cars in your showroom.
What you don t realize is that like most new car dealers a floor plan was used to finance the cars. While some lenders are unable to properly serve independent dealers nextgear capital has proudly served the independent dealer market for over ten years. Dealer floor plan finance program triad financial services inc.
Understands that a manufactured home dealer needs access to funds to purchase display inventory or pre sold inventory for their customers. Floor plan finance companies are uniquely attuned to the needs of auto dealers. This floor plan finance formula is essentially the following.
Retailers use a short term loan to purchase inventory items and the loan is repaid as inventory is sold. Our floor plan financing options allow dealers to finance nearly any type of remarketed unit. Floor plan finance options are popular within the automotive industry.
In this situation you would need to stock 80 units based on 60 desired sales per month and a 40 day average turn time. Floor plan financing capture more business through engs floor plan finance programs designed specifically for equipment manufacturing companies and dealers. Floor planning is a type of inventory financing for large ticket retail items.