Floor Stock Financing Malaysia

Simply it is a way for an auto dealer to use a.

Floor stock financing malaysia.

We are here to ease your cash flow and fulfill your needs. Go to any large auto dealer and there are hundreds of cars on the lot. Floor plan finance companies are uniquely attuned to the needs of auto dealers. Floor stocking involves the financing of vehicle stocks from appointed dealers upon presentation of the sola of exchange.

What you don t realize is that like most new car dealers a floor plan was used to finance the cars. 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. Retailers use a short term loan to purchase inventory items and the loan is repaid as inventory is sold. Floor stock financing home floor stock financing bdo leasing provides a revolving short term credit and financing facility mainly to vehicles and transport dealers in order to finance their purchase of inventory assets mainly motor vehicles trucks and heavy equipment from manufacturers.

Here s what our floor stocking facility offers your business. This facility solves that problem by providing you financing in the form of a revolving credit so you ll always have funds at hand to keep your inventory stocked and ready to meet all your customers demands. Sgcarmart financial services offers floor stock financing and consumer inhouse car loans. 6904 9686 61 ubi avenue 2 06 04 automobile megamart singapore 408898.

You may wonder how much the dealer had to spend to provide you with almost limitless choices. Floor planning is a type of inventory financing for large ticket retail items. Since aug 2016 blog mmfsolutions my blog. After the clearance of excise duty by the customs through the electronic excise system ess the manufacturer distributor will forward the financing documents required for vehicles registration for the vehicle to maybank.

When each piece of collateral is sold by the dealer the loan advance against that piece of collateral is repaid. How does floor plan financing work specifically to benefit auto dealers. We are malaysia financial advisory investment advisor malaysia malaysia share market and financial advisor malaysia. Flexible high loan approval at competitive rates.

Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. Multiple drawdowns are allowed.