There are many reasons why independent dealers may prefer to use cash instead of a floorplan.
Whether it’s the way you’ve always done business or because you had bad experiences with banks or other lenders in the past, it’s understandable why you may be apprehensive to switch to a floorplan provider.
However, with Kinetic Advantage floorplans, we provide independent dealers with more than just additional cash flow. As a Kinetic Advantage dealer, you’ll also have access to top-of-the-line resources and tools that other lenders can’t provide as well as a partner who is invested in your business’ success.
Here are some of the reasons why independent dealers should consider opening a floorplan line of credit:
Straightforward Terms and Fees
When you operate on a cash-only basis, you feel comfortable knowing that your money comes with no hidden fees or confusing terms that will slowly start to eat away at your funds.
Unlike other floorplan providers, Kinetic Advantage prides itself on transparency, whether it’s our terms, conditions, or floorplan options. We want to be viewed as a trustworthy partner by our independent dealers and we know the only way to accomplish that is by being upfront and straightforward about additional fees and terms.
Intuitive Processes and Technology
If your dealership has been up and running for a few years without a floor plan, you may think that learning new processes and technology isn’t worth the time and effort when your current model is already working. Unfortunately, you may be unknowingly wasting valuable time and effort by not having a floorplan.
Kinetic Advantage floorplans have been designed to be easy to understand and navigate.
Dealers can view their inventory, floor vehicles, view title status and run reports inside Kinetic 360 in just a few clicks.
More Inventory Flexibility
When market changes affect inventory availability and pricing, your options may be limited when it comes to sourcing new inventory. The additional cash flow floorplanning provides will give you more flexibility so you can make changes to your inventory or invest in new sales strategies to sell your inventory quickly. You’ll no longer have to wait for car buyers to show up to your lot to make a sale.
A Supportive Ally
When you visit your local bank, the staff probably won’t remember your name and may view you as just another customer. At Kinetic Advantage, we value partnership with our independent dealers, and are invested in helping your business be successful.
You’ll be assigned a dedicated account rep who will be able to provide you with industry insights and help you figure out how to tackle any roadblocks you encounter.
They’ll also explain the additional tools and resources available to you as part of your floorplan, such as Kinetic 360 and the consumer loan payoff program, so your business will continue to thrive during challenging times.
While cash may seem like the most straightforward option for funding your dealership, a Kinetic Advantage floorplan will offer you more options and open the door to new possibilities.
Our dedicated and knowledgeable team will provide you with the information and support you need to grow your business – because when you succeed, we succeed.
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