Are you looking for additional capital for your dealership? Do you want to know if your Flooring Company is accepted at Big Valley Auto Auction? Maybe you're overwhelmed by the options and want to narrow down your candidates.
Whichever situation you fall under, a Flooring Company can help. Knowing what Flooring Companies are available and how to choose a floorplan will save time and improve cash flow.At Big Valley Auto Auction, we host over 700 dealers that utilize various payment methods. We understand that choosing a floor plan can be overwhelming. We compiled a list of flooring companies accepted at Big Valley Auto Auction and how you can utilize them for your dealership. We will cover the following:
- What is a Floorplan?
- How can I benefit from a Flooring Company?
- What should I know before choosing a Flooring Company?
- Flooring Companies accepted at Big Valley Auto Auction
- My Flooring Company isn’t on your list. Now what?
- My Flooring Company is accepted. What’s next?
What is a Floorplan?
In the Auto industry, a Floorplan is a revolving line of credit offered to auto dealers so they can finance vehicles for resale.
Much like a credit card, a Flooring Company will offer a set amount of funds that you may use to purchase vehicles for your inventory.
Be aware that, like any credit card, there are fees to pay on your floorplan credit lines.
How can I benefit from using a Flooring Company?
A Flooring Company can relieve you from using your cash to buy inventory. These features allow you to use extra funds for overhead and facility maintenance.
Some flooring companies offer account management platforms to view and track floorplan inventory. These features can save you time and stress by eliminating the need to track vehicle information manually.
What should I research if I don't already have a flooring company?
Selecting your Floor Plan provider depends on your needs and preferences. You'll want to know how easy it is to access the extra capital and how the services offered can integrate with your business. When researching a Flooring Company, consider asking these questions.
- How easy is it to get info on the status of vehicles on my Floorplan?
- Will the technology you offer improve my dealership's efficiency? How?
- Does the tech you offer refresh metrics and figure reports daily?
- Will I be able to view outstanding balance reports, inventory types, and vehicle turn times?
- Do you offer 24/7 account management access?
- Can I make and schedule payments?
- Can I view account analytics?
- How quickly will a representative resolve my issues?
- Is there a representative in my area in case I need them to visit my dealership?
- What is the average time to connect to a representative?
- Do I get a dedicated account manager? How will they assist me?
- Can I Floorplan my transportation services?
If you find a Flooring Company that can answer these questions, they are worth considering.
Flooring Companies accepted at Big Valley Auto Auction:
- AFC (Auto Financing Company)
- Auction Credit
- Auto Use
- CarBucks
- Car Financial
- FlexPlus
- Floor Plan Xpress
- Kinetic Advantage
- NextGear
- Westlake Financial
My Flooring Company isn’t on your list. Now what?
BVAA generally accepts any Flooring Company brought in by our dealers. If you did not see your Flooring Company on our list, please call so we can reach out to your company.
My Flooring Company is accepted. What’s next?
Your Flooring Company has been accepted, and you have decided Big Valley Auto Auction is the place to buy. The next step is to get your company registered. Once you register as a dealer, you must provide the front counter with your Floorplan information. When your information is filed, you can start attending auctions at Big Valley Auto Auction.
Are you ready to start buying at an auto auction?
In this article, you learned about the Flooring Companies accepted at Big Valley Auto Auction. Now that you know how to compare Flooring Companies and what to do when your Flooring Company isn't listed, you can choose your best option.
If you are looking for more information on getting started at an auto auction, check out our Registration Guide to get started.
For more information, please call us at (956)461-9000 or email us at registration@BigValleyaa.com.
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