Marine Floor Plan Financing

However not all inventory finance companies offer retail and dealership wholesale financing options.

Marine floor plan financing.

Auto dealer floor planning services at u s. Auto credit we strive to continue business with our dealers as we provide additional floor plan financing. Operating from both u s. Floor plan finance options are popular within the automotive industry.

Providing our dealers with a line of credit customized for their needs in order to buy inventory and keep business moving. By acting as the supplier s single source of floorplan financing northpoint offers supplier supported terms and greater program flexibility. However a change in how motor vehicle is defined has led to the current situation where dealers of towable rvs are capped at a 30 percent deduction of floor plan interest. An auto rv manufactured home etc.

These loans are made against a specific piece of collateral i e. We form exclusive inventory finance programs with a manufacturer or supplier that may be marked and managed under their name to give customers more control over their business. While some lenders are unable to properly serve independent dealers nextgear capital has proudly served the independent dealer market for over ten years our floor plan financing options allow dealers to finance nearly any. In the end the final legislation preserved the one hundred percent deduction for floor plan financing for motor vehicle dealers.