Auto Dealer Floor Plan Companies. The application process varies depending on the company. We can even floor your trade-in vehicles and purchases from other Independent auctions as well as vehicles purchased from other dealers and new car dealerships.
Specifically a history of using credit and paying. 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. Floor plan statements and.
This would be for a Northern Virginia Independent Dealer with 30-50 high-line cars under 40Keach.
For example a dealer might be able to borrow 10 million over the year to purchase 300 new cars. DCG Capital has helped numerous new car dealers acquire floor plan loans getting customers the best terms and conditions while providing a stunning inventory increasing sales and expanding their legacies. We finance independent dealers with a long-term floor plan that has no curtailments for maximum cash flow up to 180 days. If a dealer purchases a car on a floor plan takes it back to their lot and it doesnt sell within a contractually determined number of days dealers are charged a small fee.