Dealer Funding

Are you a dealer in the auto, marine or manufactured housing industries? If you have a floor plan relationship with a lender – how strong is your relationship? Or, how strong is your lender? Is your lender going to weather this storm?

Maybe you have already found an answer to one of these questions and maybe you need a new lender or a back-up plan. Waiting this financial storm out for the “good times” to return is not an option. It may be years before lenders are seeking borrowers, so the alternative is for borrowers to seek lenders.

How do you seek a lender not currently in the floor plan business?

The lender with which to have the best relationship may not currently be doing floor plan lending at all. This lender may respond with something like: “We would like to work with you but we are really not set-up to do floor plan lending.” This could be your local bank, a local finance company or even a local investor group you put together. We think that “local” is the key word in years to come – we are in “know your customer” times.

Your investor needs a way to monitor and manage a floor plan relationship that provides them with more security than a typical "line of credit" arrangement. Dealers First can help you put together this relationship.

Software and Management solution:

The Tirekicker™ floor plan inventory management program offered by Dealers First Affiliates is a means to accomplish this relationship.

So, let’s sum up the point we are making...

To secure your future as a dealer:

1. Find and secure a relationship, probably with a local money source
2. Educate them about how to manage a floor plan relationship - contact Dealers First for more information