Independent dealers know that having a floorplan provides them with additional funding but they might not know how to optimize all the features included with their dealership floor plan. For example, Kinetic Advantage’s deferment program allows dealers to defer their curtailments so they can allocate funds to other areas of their business. Here are some benefits dealers can take advantage of when they defer their curtailment payments:
Inventory Versatility – If you want to stock up on inventory before tax time or if you want to switch up your inventory selection due to changes in customer demand, having the flexibility to defer your curtailments will provide you with the additional cash flow you need to do so immediately. You can also take advantage of any competitively priced vehicles that come your way without having to wait until you make a sale.
Get More Leads – When you want to target new customers or reconnect with existing ones to drum up more business, you can utilize the money you save on deferring your curtailments to purchase more leads. Sometimes you need to cast a wider net to move more inventory off your lot and having the funding available to purchase new leads can do the trick.
Experiment with New Marketing Tactics – If you want to try promoting your inventory on a new social media platform or run strategically placed digital ads, deferring your curtailments will provide you with the extra collateral you need. Independent dealers know that the best way to move more metal off their lots is by finding ways to target new customers and having extra cash on hand will provide you with the flexibility to make changes to your marketing plan.
Flexibility When Business Slows Down – en the savviest of independent dealers experience lulls in inventory moving off their lot, but you can still have extra cash in your pocket to purchase the inventory you’ve been waiting for. By deferring your curtailments you’ll have the inventory financing you need to keep purchasing vehicles that are in high demand to meet your customer’s needs.
Extra Collateral When the Unexpected Happens – When you need to make unplanned repairs to your lot or want to upgrade some of your technology, you know how important it is to be able to tap into extra funding. Unexpected maintenance or upgrades to your dealership can cause you to feel a little cash-strapped and that’s when being able to defer your curtailments can come in handy.
Allocate Funding When You Need Help – If your business is growing or you want to hire extra staff to help out during tax time, utilizing your Kinetic Advantage floorplan’s deferment program will give you the extra cash you need to hire extra hands quickly so you can keep up with customer demand.
Having additional cash flow through deferred payments is just one of the advantages of being a floor plan dealer. To find out more information about all of the benefits a Kinetic Advantage floorplan can offer visit https://www.kineticadvantage.com/dealership-floorplanning/.
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