Marine Floor Plan Financing

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.

Marine floor plan financing.

These loans are made against a specific piece of collateral i e. Auto dealer floor planning services at u s. 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. Floor plan finance options are popular within the automotive industry.

In the end the final legislation preserved the one hundred percent deduction for floor plan financing for motor vehicle dealers. However not all inventory finance companies offer retail and dealership wholesale financing options. An auto rv manufactured home etc. Providing our dealers with a line of credit customized for their needs in order to buy inventory and keep business moving.

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. Auto credit we strive to continue business with our dealers as we provide additional floor plan financing. And canada offices tcf inventory finance offers floorplan financing solutions to manufacturers distributors and dealers in various markets including powersports lawn and garden recreational and specialty vehicles marine construction agriculture and consumer electronics and appliances. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods.