Independent dealers have a lot on their plate when it comes to running their dealership. From keeping up with inventory needs, performing maintenance to their car lots and following up on leads, they don’t have time to constantly monitor their cash flow. That’s where a floorplan can come in handy. By providing dealership financing options to independent dealers, floorplan companies like Kinetic Advantage provide dealers with additional funding so they can focus on other areas of their business. Here are some ways independent dealers can benefit from having a floorplan.
Get a Competitive Advantage – When there is a shift in the types of vehicles car shoppers are looking for or inventory prices suddenly surge, having a floorplan allows you to maneuver these changes with ease. You’ll be able to quickly get the funding you need to keep up with market demands so you can stay ahead of your competitors.
Inventory Sourcing Flexibility – Whether you purchase a vehicle at an auction or acquire inventory through trade-ins or off-street purchases, you’ll be able to put your inventory on your floorplan. Kinetic Advantage floorplans provide dealers with the flexibility to floor inventory no matter where they purchase them from – ensuring you’re getting the inventory you need at the best price.
Keep on Top of Improvements and Maintenance – When your lot needs repaving or you’re ready to upgrade your technology to keep up with the demands of your business, you don’t want to wait until you have enough cash saved up. Floorplans provide you with additional funding so you always have cash on hand to maintain your dealership.
Make Adjustments to Your Operating Model – If you need to hire more staff to keep up with increased customer foot and online traffic or want to purchase more ads to promote your dealership – a floorplan will provide you with the financing to do so. Floorplan companies want to ensure that you’re able to make changes to your operating model as needed to ensure that all your business needs are being met.
Set Yourself Up for Future Success – Whether you dream of expanding your business in a few years or want to specialize in selling electric cars or utility vehicles, a floorplan provider can help you achieve your goals. By making your payments on time, you’re demonstrating that you know how to properly manage your floorplan which can help you qualify for a floorplan increase in the future, so you can reach your future goals.
Floorplans can be a game changer for independent dealers who are ready to take their dealership to the next level. Find out more ways a floorplan can support your business by signing up today!
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