How does floor plan financing work for pre-owned dealerships?

Jeramy asked:


I have always been curious as to how floor plan financing works for pre-owned vehicle dealerships. If a car dealer has $1M in inventory on their lot, what cash or net worth must they have available as down payment and what do they pay monthly to keep the vehicles on the lot?

Any information will be helpful. Thanks in advance.

Don

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Tags: 1m, Car Dealer, Floor Plan, Pre Owned Vehicle, Vehicle Dealerships

This entry was posted on Sunday, August 2nd, 2009 at 1:08 am and is filed under Small Business. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “How does floor plan financing work for pre-owned dealerships?”

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   August 2nd, 2009 at 2:06 am

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