Bad Credit Dealer Floor Plans

Preferred funding llc is committed to building long term relationships with dealers.

Bad credit dealer floor plans.

Credit availability was never as bad as it seemed. 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. To learn more about our dealer floor plan financing program call us at 1 800 522 2013 ext. Our gold plan is the industry s only no fee floor plan and offers rates as low as 80 day per 1 000 financed.

Make sure to check sba s website regularly so that you don t miss out when these dealer specific programs are announced. Eventually the sba offered the dealer floor plan financing pilot program dfp which ran in 2010. 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. 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.

Afs is accepted at all manheim and adesa auto auctions across the country. 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. The basics first and foremost to qualify for a floor plan you need to have credit. Dealers can also take advantage of the most competitive floor plan inventory insurance programs in the nation.

Auto dealer funding sales of new used vehicles are expected to exceed 1 trillion by 2020. 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. Keep up with demand fuel your dealership s growth with up to 500 000 in funding in just 24 hours. 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.

Ally financial is increasing wholesale credit lines for dealers as they ride the wave of. Floorplan woes no longer floor car dealers. Specifically you should have a history of utilizing and repaying debt. 1616 and a representative will be in touch with you soon.

Bad credit and hiccups on credit history aren t always deal breakers but they will likely reduce the amount for which you qualify.