Inventory Sourcing

Getting the inventory you need at the best price can be a tricky process, but when you have a floorplan, you won’t have to solely rely on the cash you have on hand. Floorplan companies like Kinetic Advantage know that independent dealers need the flexibility to purchase the inventory they need when they need it and that means removing limitations on where they can source their inventory from.

Here are a few options that independent dealers have when it comes to inventory sourcing:

Auctions
Whether you like to attend multiple auction sales weekly or prefer to join the occasional online auction sale, you’ll be able to floor all of your auction purchases. Not only does your floorplan provide you with additional buying power on sale day, it also makes it easier to keep track of your new inventory. Just let the auction know that you’re putting all of your purchased vehicles on your Kinetic Advantage floor plan.

Wholesale
If you’re expanding your business or want to change up your inventory mix due to changes in demand, you need to have access to a large quantity of inventory. Wholesale companies provide independent dealers with a large selection of inventory so you can floor the vehicles you need quickly to keep up with your customer’s preferences.

Online Platforms
Online platforms have grown in popularity in recent years and are another option for independent dealers who’re looking to source specific types of vehicles at the best price. They make the car shopping experience simple by including a comprehensive vehicle history and multiple pictures of each vehicle, so you feel confident putting inventory sight unseen on your floorplan.

Trade-Ins
When a customer wants to trade in a vehicle dealers can take advantage of Kinetic Advantage’s Consumer Loan Payoff or Buyback program. Once a dealer emails over the required paperwork, they’ll receive a payoff check and FedEx label to send to the lender. They’ll then receive an email confirmation letting them know when their vehicle has been floored and their funds are available.

Off-Street
One of the benefits of off-street purchases is that independent dealers don’t have to worry about paying additional fees to transport vehicles across the country so if you find a good deal from a local classified ad or on Craigslist, you’ll have the flexibility to put the vehicle on your floor plan. This will keep your cash flow freed up and put more profits in your pockets.

No matter where you source your inventory from you can rest assured that you’ll be able to put them in your Kinetic Advantage floorplan. For more information on how to optimize your Kinetic Advantage floorplan, contact us today.

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