A one percent rate increase can raise some dealership costs by millions of dollars.
Floor plans used car dealer.
Floor plan loans are among the safest of all financial instruments.
Monday friday 8 30 5 30 est.
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.
Let s say you make a profit of 3 000 per car sold.
But because inventories are so immense the car business is very sensitive to both floor plan interest rates and the tax treatment of interest expenses.
No curtailments or audit fees.
Floor planning is commonly used in new and used car dealerships.
Car bucks was designed for you.
Floor cars for up to.
There s never been an easier way.
Keep it with car bucks.
Carbucks provides floor plan financing to independent auto dealers for the purchase and holding of their inventory.
We finance independent dealers with a long term floor plan that has no curtailments for maximum cash flow up to 180 days.
Our floor plans offer quick cash flow great terms and no curtailments.
Call or apply now 864 234 9696.
Contrary to common perceptions most car dealers do not pay cash for the.
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.
Floor plan finance companies are uniquely attuned to the needs of auto dealers.