Floor Stock Financing Malaysia

Floor stock financing home floor stock financing bdo leasing provides a revolving short term credit and financing facility mainly to vehicles and transport dealers in order to finance their purchase of inventory assets mainly motor vehicles trucks and heavy equipment from manufacturers.

Floor stock financing malaysia.

Floor stocking involves the financing of vehicle stocks from appointed dealers upon presentation of the sola of exchange. We are here to ease your cash flow and fulfill your needs. Go to any large auto dealer and there are hundreds of cars on the lot. This facility solves that problem by providing you financing in the form of a revolving credit so you ll always have funds at hand to keep your inventory stocked and ready to meet all your customers demands.

Retailers use a short term loan to purchase inventory items and the loan is repaid as inventory is sold. Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. Floor planning is a type of inventory financing for large ticket retail items. An auto rv manufactured home etc.

We are malaysia financial advisory investment advisor malaysia malaysia share market and financial advisor malaysia. Multiple drawdowns are allowed. Since aug 2016 blog mmfsolutions my blog. Here s what our floor stocking facility offers your business.

How does floor plan financing work specifically to benefit auto dealers. After the clearance of excise duty by the customs through the electronic excise system ess the manufacturer distributor will forward the financing documents required for vehicles registration for the vehicle to maybank. 6904 9686 61 ubi avenue 2 06 04 automobile megamart singapore 408898. Simply it is a way for an auto dealer to use a.

When each piece of collateral is sold by the dealer the loan advance against that piece of collateral is repaid. Sgcarmart financial services offers floor stock financing and consumer inhouse car loans. Floor plan finance companies are uniquely attuned to the needs of auto dealers. What you don t realize is that like most new car dealers a floor plan was used to finance the cars.

These loans are made against a specific piece of collateral i e. You may wonder how much the dealer had to spend to provide you with almost limitless choices.