Automobile Dealership Software

At Dealers First Financial we are often asked the question "What kind of software tool do you have and how can it help my automobile dealership with floor planning?". Floor planning is a phrase that explains inventory funding/financing for retail operations. When considering automobile dealership software needs, we wanted to create a product with the end user AND the lender in mind. Floor planning creates a short-term financing opportunity for inventory that a dealership owns. Lenders will usually fund the inventory that is on the dealer's site. The funding is usually good for 30-90 days for each vehicle on the dealer's premises.

Lenders will ask for collateral for their investment and most automobile dealerships will use the vehicle's title as such until the loan is repaid. Typically, rates and fees applicable in this lending field are high because of transaction costs and collateral risk. With this type of complicated situation comes the need for accurate data transfer, pertinent information dissemination and strong relationships between lenders and dealerships. Our software provides all of these things to all parties involved with the primary objective of maximizing income through comprehensive risk management. Contact us to learn more about our solutions can strengthen your automobile dealership.