August 16, 2021floor plansComments Off on Afc Floor Plan Financing444 Views
Afc Floor Plan Financing. These loans are made against a specific piece of collateral (i.e. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership’s profitability.
Founded in 1987, automotive finance corporation (afc) was created to provide inventory financing for independent car dealers as they bought and sold vehicles at auto auctions and dealerships. In this video i explain the afc floor plan, what floor planning is, and how a used car dealer can benefit from using a floor plan if they don’t have their own capitol to invest in inventory or if they don’t want to tie up their money in their inventory and use other peoples money. Customize each unit floorplan based on the expected turn time to minimize your fees.
Dedicated Local Afc Representatives To Help Manage Your Floorplanning Needs.
Plus, our commercial auto team is only a phone call away. Hastily selecting a floor plan financing option can saddle you with difficult terms and conditions, putting pressure on your management to sell cars quickly. An auto, rv, manufactured home, etc.).
The First Thing To Note About Our Floor Plan Financing Is How Versatile It Is.
Let’s say you make a profit of $3,000 per car sold. I'm familiar with nextgear, afc, westlake, td. What is the cost to apply?
Approval Is Required For Any Unit Over This Amount.
The maximum floor per unit is $40,000.00. Floor and pickup vehicles the same day. For a line under $150,000, we require last 3 months bank statements, your dealer and driver’s license and your personal financial statement.
Adesa Inc Form 10 Q A Ex 6 April 20 2017.
You pick the best program for every unit, every time. Westlake is also now flooring dealers. Customize each unit floorplan based on the expected turn time to minimize your fees.
To Use Your Afc Floorplan, Simply Submit The Attached Dealer Payment Form.
We approach a number of our lender contacts, compile their offers for your floor plan, and help you find the financing option with the most ideal. Dcg capital is anything but hasty. These loans are made against a specific piece of collateral (i.e.