AFS Reveals Key Benefits of Dealer Floor Planning

IRVINE, Calif., December 13, 2017 (Newswire.com) - Through floor plan financing, independent auto dealerships can receive credit lines, allowing them to procure inventory either from auctions or from vehicle wholesalers. This can come with numerous benefits. AFS, a leading floor plan lender, has outlined some of the main benefits in a new statement to the press.

“The first thing to note about floor planning is that it offers flexibility,” AFS notes. “You’re freed to grow or expand your dealership however you see fit.” Indeed, since the dealership’s cash flow is not tied up in buying inventory, it’s free to use that capital to hire new employees, to expand the showroom or to invest in a marketing campaign. “Floor plan financing empowers you and gives you more choices in how you’ll develop your business,” AFS summarizes.

Another key benefit to floor plan financing? It expedites the auction process and eliminates some of the more time-consuming administrative tasks that dealers often have to contend with. “Normally, at an auction, you have to cut checks, verify that they’ve cleared and deal with a lot of other red tape,” says AFS. “But your floor plan lender will handle all of that for you, working directly with the auction company. They’ll even take care of the title transfers on your behalf. Again, the result is flexibility — more time available to you to develop your business.”

A final benefit of floor plan financing is increased discipline. “Floor planning forces you to keep records, organize your titles and be rigorous about turning over inventory,” AFS comments. “These are all good habits to have anyway; floor planning just makes them more urgent, and arguably easier to maintain."

When it comes to procuring inventory, floor plan financing is one of the top options available to independent auto dealerships and according to AFS, the benefits are many.

“These are just some of the reasons why your dealership might benefit from floor plan financing,” AFS comments. To learn more about the process or its benefits, reach out to AFS directly.

AFS provides financing services to dealerships throughout California, empowering independent dealers to build up their inventory without tying up their capital. The company sees itself as a strategic partner and invests in the ongoing success of each dealership it works with. More information about AFS and its services can be found online at www.useafs.com.

ABOUT:

AFS is a financial services company that works with independent auto dealerships throughout California, providing a full range of offerings that include credit lines, floor planning and beyond. AFS can also provide dealerships with access to top-of-the-line marketing and legal services. AFS is based in Orange County. More information about the company can be found online at www.useafs.com.

Source: Auto Finance Solutions (AFS)