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What state are you in and what auctions will tou be buying from, some auctions have floorplan financing available.
Give me some additional information and I'll see if I can point you in the right direction.
check out my profile for additional info,
Re: Looking for floorplan financing for small used car lot!! I ama a dealer in the metro atlanta area
As stated, many aution houses offer flooring plans. Have you talked with other dealers in your area - ask them who they use and what they like about each. If they won't talk with you - move your search out and call dealers in other areas. They would probably be your best source of information for your area.
Regarding pulling your credit - it is very odd to see such dispairty between the three bureaus. Some lenders will pull all three - some will only pull one. But, most pull all three and use your middle score.
Have you also thought about indirect lending - getting your customers approved for financing?
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I found a great spot for a used car lot and plan on expanding my business to opening a lot.I have been selling used cars as a broker dealer but I have slowly been building up my capital and I am now ready to expand my business. I know about mafs, dsc,autouse,afc and the rest of the floorplans etc, but I am not sure I will qualify for any of them. I truly hate applying for anything blindly and not knowing my chances of being approved.Anyway to give you some insight about my financial situation.My credit isok at best, I have a 749 credit score on equifax and the other two bureau are in the low 600s at best. I was wondering if the floorplans pull all 3 bureaus when checking your credit info for approval and if not which floorplans pull what bureau specifically. I also wanted toknow which floorplan wouldbe the easiest to be approved for. Thanks in advance