Contrary to common perceptions most car dealers do not pay cash for the.
Manufacturer flooring finance dealers.
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Floor planning is commonly used in new and used car dealerships.
How does floor plan financing work specifically to benefit auto dealers.
Go to any large auto dealer and there are hundreds of cars on the lot.
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.
Floor plan finance companies are uniquely attuned to the needs of auto dealers.
The loans are often made with a one year term and based on an aggregate budget.
To learn more about our dealer floor plan financing program call us at 1 800 522 2013 ext.
Use our programs to finance the construction of customer sold homes placement of a spec home in a park or even put models on a sales center.
Floor stock financing will ensure that you as the client dealer has inventory in place when sales.
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.
Terms of these captive facilities are similar in many ways to floor.
Some automobile manufacturers offer dealers their own version of floor plan finance.
What you don t realize is that like most new car dealers a floor plan was used to finance the cars.
Manufactured home inventory financing.
You may wonder how much the dealer had to spend to provide you with almost limitless choices.
In industry parlance this is known as captive financing in which a manufacturer s financing arm ford motor credit for example will finance the dealer s new inventory.
For example a dealer might be able to borrow 10 million over the year to purchase 300.
Dealers can also take advantage of the most competitive floor plan inventory insurance programs in the nation.
Flooring loans to purchase homes from manufacturers our programs allow you to finance up to 100 of the factory invoice.
