Auto Floor Plan

Floor planning is commonly used in new and used car dealerships.

Auto floor plan.

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. Nsf s collateral audits and turn times. There are three specific red flags that your floor plan company is watching for. Automated floor plan audit technology to maximize efficiency and reduce the amount of time we spend at your dealership.

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Most floor plan providers keep an eagle eye on all accounts in search of red flags that alert them to issues with dealers. Floor plan online floor plan online is a convenient way to access and manage your floor plan account. No curtailments or audit fees.

For example a dealer might be able to borrow 10 million over the year to purchase 300. Contrary to common perceptions most car dealers do not pay cash for the. Our floor plans offer quick cash flow great terms and no curtailments. Nsfs insufficient funds or nsfs are directly correlated to points 1 and 2 above.

Retail floor planning also referred to as floorplanning or inventory financing is a type of short term loan used by retailers to purchase high cost inventory such as automobiles these loans are often secured by the inventory purchased as collateral. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Interest rate protection products to help minimize the impact of rising interest rates on your floor plan and term loans. There s never been an easier way.