Ge Floor Plan Finance

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Ge floor plan finance.

Ge capital is the financial services division of ge focused on serving customers and markets aligned with ge s industrial businesses. How does floor plan financing work specifically to benefit auto dealers. Ge capital americas is providing inventory and working capital financing to resellers that want to acquire products from kbz communications inc. To provide inventory and working capital.

Floor plan financing is also done for large appliances mobile homes and boats among other items and these products are usually sold to consumers with a financing contract. This type of financing provides a revolving. In a floor plan arrangement the reseller is approved for a line of credit with agreed upon payment terms from the floor plan partner. Of doylestown pa hoffman estates il sept.

Using cash or a bank line of credit to purchase inventory can work for some car dealers but many floor plan financing companies offer a variety of dealer specific benefits. The floor plan partner will advance to scansource on behalf of the reseller the wholesale cost of goods purchased. The floor plan partner may take a secured interest in the inventory of the reseller. The dealer then receives payment hopefully including a profit and remits the balance to the lender who in turn releases the title to the car to the new purchaser.