We deal straight. Here you can quickly find the answers to the frequently asked questions about our company and services.
We have provided floorplan lines to start-up dealerships with dealers that have had previous automotive experience and supporting financial information.
All America’s Auto Auctions, all Manheim auctions, all ADESA auctions and most independent auctions. Click here for the listing of approved auctions.
Please contact us at our toll free number 1-844-floorac and we will be happy to answer any questions you may have or direct you to the closest AuctionCredit location.
See the Financing Programs section of our website.
Salvage (branded titles), kit cars, boats, RV’s, trailers, heavy-duty trucks and units over 40k are not included in the floorplan agreement.
We have floorplan lines ranging from $25,000 up to $5,000,000.
The Maximum floor per unit is $40,000.00. Approval is required for any unit over this amount.
There is no cost to apply.
For a line under $150,000, we require last 3 months bank statements, your dealer and driver’s license and your personal financial statement. For a line over $150,000, please also include last two years’ personal/business tax returns.
Once all the information is submitted, a credit decision takes only a few days.
We approve a high percentage of applicants. Approval is based on several factors about your dealership; some key areas include personal credit scores, number of years in business, references and your dealership debts in relation to your assets.
To initially set up the auctions that you purchase from, please notify your branch location and they will have your credit availability sent to the auction of your choice.
When you purchase at any of the approved locations. The auction will have your credit availability at the counter ready for you to floor.
Yes, we also floor units that are purchased outside of the auction. We can floor up to 100% of the purchase or Black Book Value.
Wherever you buy within the continental USA, all titles that are floored with AuctionCredit will go to your branch location. We have a team at each branch location that are available for you.
AuctionCredit does not charge a title release fee.
Inspections are randomly conducted on a monthly basis. We will have an AuctionCredit representative or QuikTrack at your dealership to inspect units that are on the Floorplan line.
We have a dealer portal available to our AuctionCredit customers that can manage their portfolio 24/7. Our easy access platform lets you quickly check your credit availability, pay-off/curtailments, and units on floorplan line.