Updated July 20, 2023
If you’re thinking about getting a dealership floorplan, it’s important to understand what it is and how it can benefit your business. Floorplan financing is a line of credit that provides independent dealers with additional cash flow.
As the vehicles on the floorplan sell, the loan gets paid off. While floorplan providers come in all shapes and sizes, Kinetic Advantage has designed their floor plans with the independent dealers’ unique needs in mind.
Here are some of the benefits of having a floorplan:
Floor Inventory Buying Power
Floorplans allow independent dealers to purchase more inventory to keep up with customer demand. Having more inventory for customers to choose from can help your dealership close more sales. You can also save time purchasing vehicles through One Auction View, a new feature available to dealers enrolled in Kinetic+ which allows dealers to quickly find the inventory they’re looking for.
Funds for Unexpected Expenses
If you suddenly find yourself having to pay for unexpected maintenance expenses or need to tap into your cash reserves to cover inventory fluctuations, your cash flow could be significantly impacted. This is where a floorplan from Kinetic Advantage can be beneficial; you’ll have enough funds to cover those expenses, while still having enough in your budget to purchase the inventory you need without delays.
Time-Saving Tools
Kinetic Advantage knows how much effort it takes to run a dealership, but thankfully our floorplans are designed to give you back more time in your day.
Account management tools like Kinetic 360 provide dealers with complete access to their floorplan so they can floor vehicles, check the title status of multiple floored units, and run reports – all from their mobile devices.
Our new subscription service, Kinetic+, also saves dealers even more time and money by providing them with complimentary deferments and unlimited document handling.
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The dealership floorplanning newsletter that takes a look into recent floorplan news & trends, as well as updates from inside the walls at Kinetic Advantage.
Unlimited Growth Potential
When you rely solely on your capital, you might feel limited in how quickly you’re able to make changes or grow your business. This is where a floorplan can be a real game-changer for your dealership. By providing you with additional capital, you can expand your services by adding a maintenance or detail shop to your operations or even open a second location. You can also use your floorplan funding to hire more staff, upgrade your technology, or increase your marketing budget.
While you may have been hesitant to sign up for a floorplan in the past, Kinetic Advantage’s easy-to-understand terms and fees and cutting-edge tools will make running your independent dealership less complicated. Apply now to see how our floorplans can support your business goals.
What Drives You?
What Drives You?
The dealership floorplanning newsletter that takes a look into recent floorplan news & trends, as well as updates from inside the walls at Kinetic Advantage.
(We promise not to spam you or inundate your inbox with emails. Our newsletter goes out roughly twice per month to include important news and information around dealer floorplanning.)