Auto floor plan financing is a specialized form of financing used by auto dealers to finance their inventory. It allows dealers to purchase vehicles from manufacturers or distributors and hold them on their lot until they are sold to customers. This type of financing is essential for auto dealers to maintain a diverse inventory and meet the needs… Read More »
Auto Dealer Floor Plan Financing is a form of secured lending specifically designed to meet the inventory financing needs of automobile dealerships. It empowers dealers to acquire and maintain a diverse inventory of vehicles to cater to their customers’ preferences. Dealers can utilize these funds to purchase vehicles from manufacturers or wholesalers, allowing them to offer a broader… Read More »
An auto dealer floor plan is a type of financing that allows car dealerships to purchase vehicles from manufacturers or distributors. It is a short-term loan that is typically secured by the vehicles themselves. Floor plans are essential for car dealerships, as they allow them to keep their inventory stocked and meet customer demand. When a car dealership… Read More »
An Independent Auto Dealer Floor Plan is a financial arrangement between a lender and an independent auto dealer that provides the dealer with access to capital to purchase inventory. The lender typically advances the dealer a percentage of the wholesale value of the vehicles, and the dealer uses the funds to purchase vehicles from auctions or other sources.… Read More »