[John Smith]

Hi,

Do any lenders offer floor plan financing for new/used car dealerships? Thank you.

[CollateralAdv+MCADirectF]

Yes, with cash flow supporting payback and collateral to secure advance, up to 12 month term.

JGlick@1stGlobalCapital.com

[RichardGerard]

Specialty Market.. Look at Next Gear

[Karen37a]

Next Gear is one...most car lot owners or dealerships can get a floor plan thru the auction they buy cars from...100,s of ways to get one.

That's why the first question I ask a Car lot owner or dealer is

"what happened to your floor plan that is making you seek outside financing or capital"

again not ...i can drop the rate and shine your shoes


** danger. What some people do not know is that the lots or dealerships have "audits" to prove the collateral on the secured financing...and it's not thru a title. Its thru visual inspection.

So these lots are used to moving cars to fill up a friends lot for inspection/ audit

And triple leveraging the same cars..1).inventory loc visual...2)title...3)cash advance = c/d paper or F

[BB_Cooper]

Nextgear and AFC are 2 big floor financing affiliates of the 2 major auctions. Also try, Carbucks in the SouthEast. Westlake is also now flooring dealers.

Then there's all the second tier regional floor finance companies, holding onto titles, etc.

[John Smith]

Thank you for the information. Do any of these lenders offer a partner program where I can earn a commission? Thank you.

[gaxisa]

Thank you for the information. Do any of these lenders offer a partner program where I can earn a commission? Thank you.

All of them, otherwise nobody would send them deals.

[John Smith]

May I have the contact information for someone in either Next Gear or AFC please.

[John Smith]

All of them, otherwise nobody would send them deals.

I just got off the phone with both companies. Neither one offers a referral/partner program.

[abfunders]

I was told that the margins are too slim and the competition is too great to offer any ISO agreements in that market.

[Karen37a]

I just got off the phone with both companies. Neither one offers a referral/partner program.

Finance managers do that inside the dealership...only dealers can refer and its a small $$ amount ( closed industry). If you went to small dealer /lot maybe they would do it ..( doubt it ) because they are only offering the financing for the cars in their inventory.

Other than that ...boa and wells etc have floor plans for dealerships...and banks give loans for cars directly