The Lost Borrower Campaign » Vehicle Dealerships http://lostborrowercampaign.net Helping consumers find the right loans since 2008. Thu, 05 Nov 2009 14:08:43 +0000 http://wordpress.org/?v=2.8.4 en hourly 1 How does floor plan financing work for pre-owned dealerships? http://lostborrowercampaign.net/how-does-floor-plan-financing-work-for-pre-owned-dealerships/ http://lostborrowercampaign.net/how-does-floor-plan-financing-work-for-pre-owned-dealerships/#comments Sun, 02 Aug 2009 06:08:58 +0000 admin http://lostborrowercampaign.net/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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