Here’s what to look for to find the

BEST DEALER
FLOORPLAN COMPANIES

Kinetic Advantage

Google logo: A capital letter G segmented into four colors—blue, red, yellow, and green—on a black background, reminiscent of the bold branding often used by dealer floorplan companies for inventory financing.

Based on 235 Google Reviews

Competing Floorplan

Google logo: A capital letter G segmented into four colors—blue, red, yellow, and green—on a black background, reminiscent of the bold branding often used by dealer floorplan companies for inventory financing.

Based on 90 Google Reviews

Competing Floorplan

Google logo: A capital letter G segmented into four colors—blue, red, yellow, and green—on a black background, reminiscent of the bold branding often used by dealer floorplan companies for inventory financing.

Based on 6 Google Reviews

Competing Floorplan

Google logo: A capital letter G segmented into four colors—blue, red, yellow, and green—on a black background, reminiscent of the bold branding often used by dealer floorplan companies for inventory financing.

Based on 18 Google Reviews

What to Look for to Find the Best Dealer Floorplan Company

Selecting the right dealer floorplan company is crucial for a dealership’s success.

This financial lifeline enables dealers to purchase inventory without upfront costs, allowing for a broader selection of vehicles.

However, with numerous options available, identifying the best floorplan company can be challenging.

Let’s explore the key factors to consider when making this critical decision.

Three people stand at a Kinetic Advantage booth with a sign reading The Independent Floorplan Company for Independent Dealers, showcasing their reputation as one of the best dealer floorplan companies at a trade show.

What Makes a Dealer Floorplan Company the Best?

Competitive Rates & Terms

A competitive floorplan rate is essential for maximizing dealership profitability. However, it’s equally important to scrutinize the overall package, including fees, interest calculations, and early payoff penalties.

Rapid Funding

Quick access to funds is crucial for capitalizing on market opportunities. A reliable floorplan company ensures swift processing of loan applications and disbursements.

Flexible Funding Options

A dealership’s inventory needs fluctuate. The best floorplan companies offer flexible funding options to accommodate varying inventory levels and sales cycles.

Strong Technology Platform

Modern dealerships rely on technology. A robust online platform for managing floorplan accounts, accessing reports, and communicating with the lender is essential.

Industry Expertise

A deep understanding of the automotive industry is essential. A floorplan company with experience in the dealership sector is better equipped to address specific challenges and opportunities.

Exceptional Customer Service

A dedicated and knowledgeable customer service team is invaluable. Timely responses, problem-solving abilities, and a genuine commitment to dealer success are hallmarks of a top-notch floorplan company.

Red Flags to Watch Out for

While focusing on the positives is important, it’s equally crucial to identify potential red flags.

Hidden Fees

Transparent pricing is essential. Avoid companies that obscure fees or have complex fee structures.

Lack of Flexibility

Rigid terms and conditions can hinder a dealership’s ability to adapt to market changes.

Poor Reputation

Research the company’s reputation within the industry. Look for reviews and testimonials from other dealers.

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Get Floored with the Best Dealer Floorplan Company

Selecting the best dealer floorplan company requires careful evaluation and due diligence. By focusing on the key factors discussed above and avoiding potential pitfalls, dealerships can establish a strong financial partnership that supports growth and profitability.

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What Drives You?

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