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Car Dealership Floor Plan Financing: What Is It & How it Works
The process functions similarly to a high-limit credit card tailored for large-ticket retail goods.
In the automotive industry, a "buy floor plan" (or floor plan financing) is a that allows dealerships to purchase inventory without paying the full cash price upfront. Instead of depleting cash reserves, the dealer uses a lender's funds to stock their lot, repaying the loan plus interest only after a vehicle is sold. How Floor Plan Financing Works
Floor any retail, wholesale, salvage, commercial truck, or specialty unit. Find the right sources for you with our auction finder. NextGear Capital What is Car Dealer Floor Planning? - Kinetic Advantage