How Does Fee-Free Floor Plan Financing Work?
If you’re a car dealer that buys inventory with floor plan financing, you’re probably familiar with the extensive, often unclear fees associated with flooring vehicles. Having become the industry standard, per-unit costs can be frustrating for auto dealers. If you secure a reasonable rate from a specialty financing firm, it’s fair to assume you’ll incur […]
How Does Technology Improve Dealer Financing And Inventory Management?
While inventory and sales management tools are mainstays for the retail auto industry, a lot of independent auto dealers are now adding floor plan financing platforms to optimize their operations. Given the importance of financing for the success of the business, having a central, easy-to-navigate platform is crucial for growing dealerships. By offering transparency and […]
