Bad Credit Dealer Floor Plans

Auto dealer funding sales of new used vehicles are expected to exceed 1 trillion by 2020.

Bad credit dealer floor plans.

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. Bad credit and hiccups on credit history aren t always deal breakers but they will likely reduce the amount for which you qualify. Dealer floor plan credit lines the first thing to note about our floor plan financing is how versatile it is. 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.

Our floor planning financing model provides dealers with more buying power enabling them the ability to increase their inventory expand their profits and maximize their cash flow. Make sure to check sba s website regularly so that you don t miss out when these dealer specific programs are announced. Preferred funding llc is committed to building long term relationships with dealers. In a nutshell our dealer floor plan experts empower independent car dealerships through credit lines all of it backed by industry best customer service stellar back end account management and competitive rates.

In addition to freeing up the cash a dealer has on hand other floor plan financing benefits can include extra flexibility in terms of paying off a particular piece of inventory payment extensions and credit increases if. Afs is accepted at all manheim and adesa auto auctions across the country. The sba also offers permanent loan programs targeted at all small businesses. The basics first and foremost to qualify for a floor plan you need to have credit.

1616 and a representative will be in touch with you soon. We provide flexible credit lines from 50 000 to 1 000 000 and offer a variety of floorplan financing programs specifically geared to the needs of the independent used car dealer. Credit availability was never as bad as it seemed. Sub prime financing floor planning bad credit loans specializing in floorplans regional prime to sub prime lender programs f i products and other dealer related services.

Keep up with demand fuel your dealership s growth with up to 500 000 in funding in just 24 hours. Floorplan woes no longer floor car dealers. Ally financial is increasing wholesale credit lines for dealers as they ride the wave of. Dealers can also take advantage of the most competitive floor plan inventory insurance programs in the nation.

Our gold plan is the industry s only no fee floor plan and offers rates as low as 80 day per 1 000 financed.