Car Dealership Floor Plan Financing: What Is It & How it Works
The process functions similarly to a high-limit credit card tailored for large-ticket retail goods. buy floor plan
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 Car Dealership Floor Plan Financing: What Is It