Used Car Floor Plans

The loans are also inspected periodically by lenders by checking the inventory of all collateralized vehicles.

Used car floor plans.

Our floor plans offer quick cash flow great terms and no curtailments. Floor cars for up to 180 days for maximum cash flow. 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.

We can even floor your trade in vehicles and purchases from other independent auctions as well as vehicles purchased from other dealers and new car dealerships. Keep it with car bucks. Floor plan loans are among the safest of all financial instruments. About us afs was created to provide a financing source for independent used car dealerships to purchase wholesale inventory throughout the united states.

No curtailments or audit fees. The first thing to note about our floor plan financing is how versatile it is. We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days. Acquiring a floor plan before lending funds floor plan financing companies will often ask dealers to provide additional information and documentation to verify dealership details.

Though dealership savings can be used to purchase inventory one of the simplest means of acquiring inventory is using floor plan financing for used car dealers. Car bucks was designed for you. The dealer then receives payment. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.

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. In addition to freeing up the cash a dealer has on hand other floor plan financing benefits can include extra flexibility in terms of paying off a particular piece of inventory payment extensions and credit increases if. There s never been an easier way. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services.

City auto finance is a locally owned and operated floorplan company dedicated to providing unparalleled customer service and meeting the unique financial needs of used car dealers in the mid south. Whether you re looking for floor plan lending or just want to know the best next step for your dealership we encourage you to reach out to us at afs today.