Dealership Resources

All automotive dealers know there are many different ways to buy and sell cars. The automotive industry is unique in the fact that dealers have many choices in deciding how they want to run their business. Some dealers specialize in high-end inventory, while some cater their business to toward getting their customers in affordable vehicles. …

Owning all the cars on your dealership lot can feel very satisfying. You won’t owe fees or interest, and when that vehicle sells, those funds go directly into your account. However, it’s crucial to consider the full cost of restricted cash flow and everything else that comes with owning a lot full of cars. By floorplanning cars, dealers can lessen the immediate cost of inventory and improve overall…

Have you ever wondered where your money is going every month? Being in control of your business spending is an essential component to the health of your dealership. No matter how minor they may seem, expenses will quickly add up and if left unchecked, can eat directly into your profits. By taking the time to…

Before looking into the ways an auto dealer floor plan can help you, it’s crucial to understand the concept of a floor plan. The way they work are similar to credit cards. In the simplest form, floor plan financing acts as a “credit card” made to purchase inventory to keep their dealership stocked up for consumers.     The auto dealer floor plan company extends a line of credit to the car dealer. The…

When dealers are looking to purchase more inventory or want to make improvements to their dealership, they will often need to secure additional funding to do so. While they may feel more comfortable working with a local lender they’re already familiar with, they should be aware that they might be missing things like access to…