Working Capital for Used Car Dealerships
Used car dealerships tie up large amounts of cash in floor plan inventory while waiting on financing payouts and reconditioning costs before a car ever sells. Working capital funds inventory turns and lot operations between sales.
Approval in as little as 24 hours after you apply, with funds sent as soon as the next business day, so used car dealerships never wait on a bank.
Fixed daily or weekly payments sized to your sales, not a balloon due date. Floor plan financing and inventory acquisition costs accumulate on every vehicle before it sells, tying up cash across the whole lot.
Funding is a purchase of your future receivables, so you are not pledging equipment, property or personal assets. Reconditioning, detailing and repair costs on trade-ins and auction purchases are due immediately, well before a car is ready for sale.
One approval, draw what you need, and return for additional funding as your used car dealerships business performs. Bank and lender payout timing on financed sales can lag the actual sale date, leaving a gap between delivering the car and collecting full payment.
Buy vehicles at auction or from trade-ins to keep the lot stocked.
Cover the ongoing costs of running a dealership lot and service bay.
Bridge the gap between vehicle sales and lender payout timing.
Yes. Working capital from Paz is separate from your floor plan financing and is a purchase of your future receivables, not a loan against your vehicle inventory.
Yes, funds can be used for inventory acquisition, reconditioning, lot expenses or any other dealership need you decide is the priority.
Most used car dealerships qualify for $30,000 to $250,000, based on monthly revenue and time in business, with funding available up to $5,000,000.
Paz funds used car dealerships from $2,500 to $5,000,000. Most used car dealerships qualify for $30,000 - $250,000, based on monthly revenue and time in business rather than collateral.
A US business that has operated for at least six months with $10,000 or more in monthly revenue, your last three months of bank statements and your EIN. The application takes about five minutes, and there is no hard credit pull to get pre-qualified.
Used Car Dealerships funding, approved in as little as 24 hours