 Inventory Financing
Charleston Auto Auction accepts all major National and Regional dealer
floor-plan
programs making buying from us as easy as having your own banker on the
premises. The following is a partial listing of qualified programs
that we accept:
We also offer our own in-house floor-planning to qualifying dealers
through HMS FINANCIAL SERVICES.
Click
here to download the HMS Financial Services Application
28-Day
Float
At the
Charleston Auto Auction we provide our dealers with an advantage of
having more buying power. Through our FLOAT Program, every dealer can
buy more vehicles and in turn provide their customers with a larger
inventory.
Here is
how it works:
-
28-Day Float Plan - $15,000 Limit Per
Vehicle - 10 Vehicles or $70,000 per Dealership on Float at any
given time.
-
You write one check per vehicle
on the day of sale/purchase and Float it for the next
28 days.
-
Should you sell the vehicle before the end of
the 28-days, just give us a call and have the check(s)
dropped (released) - and we will mail you your title
after a 3-day title delay.
-
On the twenty-eighth day the check(s) will
automatically be dropped and all titles will be mailed or Fed-x
[you chose the mailing format] after the 3-day title delay.
There is a Float fee charge at the time of purchase -
which must be on a separate check as it goes directly to
the bank for deposit. There will be no prorating of this Float fee for a
shorter period. If the vehicle is over $15,000 you must write
out a separate check for this overage, which also goes
directly to the bank for deposit on sale day.
To find out if your dealership is approved for FLOAT, please contact
Dealer Registration at 843-719-1900.
For more information about dealer financing or if you do not see your
floor-plan company on the list, contact Laura Taylor at (843) 719-1900 ext.
107.
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