Credit Union Dealer Floor Plan

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 union dealer floor plan.

Credit union floor plans. University of kentucky credit union. Posted on oct 4 2020. With auctioncredit you can purchase inventory from over 800 auctions in lane or online through trade ins and dealer to dealer transactions.

Dealer floor plan credit lines the first thing to note about our floor plan financing is how versatile it is. Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing. Afc helps independent automotive dealers expand their businesses by providing inventory finance solutions and key operations related services. Credit union unveils new name oneaz local news stories.

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. Afs is accepted at all manheim and adesa auto auctions across the country. La manufactured home dealer. Since our start in 2005 we have grown to service thousands of retail dealers nationwide.

With more than 120 locations afc is one of the largest floorplan providers in north america and offers unmatched local access and customer service. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. Posted on oct 4 2020. Posted on oct 4 2020.

Floor plan interest is an overhead expense the dealer must recoup. Posted on oct 4 2020. Bobby medow a former car salesman in a family business estimates. We have custom programs with credit lines to fit your unique dealership needs.

It is our desire to work with you to create the perfect layout for your temporary modular bank or temporary modular credit union facility. These loans are made against a specific piece of collateral i e. Savvy dealers choose auctioncredit to increase their inventory using the most flexible credit lines in the market. Our gold plan is the industry s only no fee floor plan and offers rates as low as 80 day per 1 000 financed.

Sustainable credit union on philau portfolios. An auto rv manufactured home etc. In return dealers agree to direct a certain portion of consumer financing to the floor plan lenders. Floor plan interest has a wholesale rate which is typically one point over the prime rate.