In the trailer industry, maintaining an optimal inventory is crucial for meeting customer demands and driving sales. One effective financial strategy that supports this goal is floor planning, also known as inventory financing. This short-term loan or line of credit, secured by the dealership’s inventory, allows for a seamless flow of products without significant upfront costs.
Understanding Floor Planning
Floor planning enables dealerships to stock a diverse range of Polar King Mobile refrigerated trailers, enhancing the customer experience by offering a wider selection. This financing method is customizable and flexible, structured as a pay-as-sold program. Dealers make payments as inventory is sold, aligning expenses with revenue and improving cash flow.
Key Benefits of Floor Planning
1. Increased Inventory Levels
Maintaining a broader selection of refrigerated trailers ensures that customers have access to the models they need when they need them. Having inventory readily available allows dealers to close sales faster and capitalize on demand without delays.
2. Enhanced Cash Flow
With floor planning, dealers don’t need to tie up large amounts of capital in inventory. Instead, financing aligns inventory costs with sales revenue, reducing financial strain and allowing businesses to reinvest in other areas such as marketing and operations.
3. Improved Customer Satisfaction
By offering a diverse selection of Polar King Mobile refrigerated trailers, dealerships can meet varying customer needs promptly. A well-stocked inventory increases the likelihood of securing sales, as customers can immediately purchase the unit that best suits their needs rather than waiting for an order to be fulfilled.
Polar King Mobile’s Floor Planning Partners
To make floor planning accessible and beneficial for dealers, Polar King Mobile collaborates with industry-leading financial institutions that specialize in inventory financing. These partnerships provide dealers with flexible financing solutions tailored to their business needs.
Northpoint Commercial Finance
Northpoint Commercial Finance, backed by Laurentian Bank of Canada, offers dealers a range of financing benefits, including:
- 15-month interest-only terms for increased financial flexibility.
- 100% advance rates on inventory, reducing out-of-pocket expenses.
- Competitive rates and tailored financing options designed to support dealership growth.
Isuzu Finance of America
Over 16 years ago, Isuzu Finance of America (IFAI) became the financial partner (or captive finance company) of Isuzu Commercial Truck (ICTA), the official distributor for Isuzu commercial vehicles in the U.S. on behalf of Isuzu Motors Limited.
IFAI was created to offer flexible financing options, exclusive programs and warranties, and exceptional customer service to the highly valued Isuzu dealerships throughout the nation. Our goal is to be the trusted source that dealers turn to for financial options that fit their commercial customers’ needs.
- 6 months interest only.
- No “non-use” fees.
- State of the art dealer portal.
Why Floor Planning Is a Smart Choice
By leveraging floor planning, dealerships can optimize inventory management, enhance customer satisfaction, and drive sales growth. Working with trusted financing partners ensures that dealers have the resources they need to maintain a robust inventory without overextending financially.
Ready to streamline your inventory and boost sales? Contact Polar King Mobile today to learn more about how floor planning can benefit your dealership.