New Car Floor Plan Financing In Minnesota

We have custom programs with credit lines to fit your unique dealership needs.

New car floor plan financing in minnesota. Case studies supplementing working cash with a floor plan is a tried and true method to grow business. Floor cars for up to 180 days for maximum cash flow. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service.

Savvy dealers choose auctioncredit to increase their inventory using the most flexible credit lines in the market. Floor plan lenders include local and regional banks large national banks and financing companies owned by the manufacturing companies like toyota financial or ford credit. There s never been an easier way. The loans are often made with a one year term and based on an aggregate budget.

For example a dealer might be able to borrow 10 million over the year to purchase 300. Our floor plans offer quick cash flow great terms and no curtailments. The dealer then receives payment hopefully including a profit and remits the balance to the lender who in turn releases the title to the car to the new purchaser. From utilizing auto dealer floor plans to stocking seasonal inventory tips for managing a successful lot are only a click away.

Floor plan financing is also done for large appliances mobile homes and boats among other items and these products are usually sold to consumers with a financing contract. 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. New and used vehicle floor plan financing at competitive rates and terms focused on meeting the needs of new car franchised dealerships. Floorplan financing from hitachi is available for all makes and models both new and used.

Get the financing you need. Variety of floor plan structures and interest rate options to meet your needs and reduce your interest expense. No curtailments or audit fees. Floor plan finance companies are uniquely attuned to the needs of auto dealers.

How does floor plan financing work specifically to benefit auto dealers.