Mb Financial Dealer Services Floor Plan

Mercedes benz financial services welcome to the driver s seat.

Mb financial dealer services floor plan.

These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability. These loans are made against a specific piece of collateral i e. Learn about the dealer financial services including inventory and floor plan financing that bank of america merrill lynch offers. The loans are often made with a one year term and based on an aggregate budget.

Dealer floor plan financing frequently asked questions for borrowers and lenders what is floor plan financing. So you need floor plan financing that will infuse your automotive dealership with new cars without terms that could prove difficult down the road. Dcg capital has helped numerous new car dealers acquire floor plan loans getting customers the best terms and conditions while providing a stunning inventory increasing sales and expanding their legacies. Dealer financial services from bb t offers a full range of retail and dealer services and solutions for you and your clients including dealer finance dealer commercial services portfolio acquisition services recreational lending and more.

You may obtain a dealer floor plan from a bank or there are many dealer floor plan providers listed by clicking here you may also go to google bing or yahoo and type in dealer floor plan providers. Car financial services has focused the floor plan product specifically on the needs of the sub prime and bhph dealer market. An auto rv manufactured home etc. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.

For example a dealer might be able to borrow 10 million over the year to purchase 300 new cars. We offer flexible credit lines from 50 000 to 1 000 000 along with a variety of floorplan financing programs specifically geared to the needs of the independent used car dealer. It is a plan to finance the vehicles on your floor. The car financial services floor plan provides a dealer with a line of credit customized for their needs in order to buy inventory and keep business moving.

A dealer floor plan is a loan for your vehicle inventory. Dealer dealer floor plans. Let s say you make a profit of 3 000 per car sold.