boat dealer floorplan financing
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. 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.. As the economy and the marine industry have improved over the past few years, the floorplan financing market has followed suit. banks are lending more as dealers are looking to stock more boats to meet consumer demand, which is causing dealers to experience high turn rates.. How does floor plan financing work specifically to benefit auto dealers? floor plan finance companies are uniquely attuned to the needs of auto dealers. 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.. 
boat dealer floorplan financing
