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In the automotive industry, floorplanning is a type of loan that provides a revolving line of credit allowing a car dealer to obtain financing for retail goods. These loans are made against a specific vehicle like a passenger vehicle, RV, or a motorcycle.
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Within the auto industry, floor plan financing allows car dealerships to buy and sell vehicles quickly without worrying about disruptions to cash flow. Here’s the basic idea: A dealership receives a short-term loan or revolving line of credit from a floor plan financing company like Floorplan Xpress.
Kinetic Advantage is a dealer floor plan provider offering dealership floorplans with top-notch service and no hidden fees. Apply now!
9 Ιουν 2023 · In the automotive industry, a dealer floorplan (or floor plan) is a type of loan available through a finance company that provides a revolving line of credit, allowing an automotive dealer to obtain financing to purchase inventory.
23 Απρ 2024 · The best dealer floor plan companies should have self-service tools such as flooring non-auction purchases, releasing titles, making curtailments, and paying off floored cars, to make it easy to conduct business on your terms.
13 Ιουν 2017 · Floor plan finance companies are uniquely attuned to the needs of auto dealers. 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.
Transform your auto dealership business with tailored floor plans, flexible financing, and the most competitive terms in the industry from Floorplan Xpress.
