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 buy floor plan
Spoiler alert! A car dealership floor plan is NOT how you arrange the cars in your dealership or even the layout of your showroom. ACV Auctions Floor Plan Financing - Independent Dealer Finance Options The process functions similarly to a high-limit credit
Car Dealership Floor Plan Financing: What Is It & How it Works buy floor plan