Auto Dealer Funding
The auto industry saw over $53 million in sales of new and used light vehicles nationwide in 2020. Boost your dealership's growth with up to $500,000 in funding from ASAP Capital® in just 24 hours.
Auto Dealer Funding
The auto industry saw over $53 million in sales of new and used light vehicles nationwide in 2020. Boost your dealership's growth with up to $500,000 in funding from ASAP Capital® in just 24 hours.
Reliable Fast Auto Dealer Funding
Traditional lenders like banks often consider automotive dealer loans to be "high risk" due to the large, high-ticket nature of vehicle sales, which are prone to higher-than-average sales volatility. Additionally, profit margins in the auto industry are thinner, and vehicle inventory depreciates rapidly. These factors can make it challenging for your dealership to secure funding from traditional lenders like banks or the SBA.
ASAP Capital offers a streamlined online application, faster turnaround times, and flexible approval requirements, enabling us to approve more car dealer funding. We provide a range of alternative auto dealer funding options to support your dealership's growth, with amounts ranging from $3,000 to $500,000. We fund all types of automotive businesses, including independent dealerships, used car dealers, repair shops, service centers, and more.
Auto Dealer Funding Rates
Auto dealer funding rates vary depending on the type of alternative small business funding you obtain. Many alternative car dealer funding options use a factor rate rather than a traditional interest rate. Factor rates are straightforward decimal figures that indicate the additional amount you'll owe on the original loan amount, and they are determined based on your risk assessment.
Reliable Fast Auto Dealer Funding
Traditional lenders like banks often consider automotive dealer loans to be "high risk" due to the large, high-ticket nature of vehicle sales, which are prone to higher-than-average sales volatility. Additionally, profit margins in the auto industry are thinner, and vehicle inventory depreciates rapidly. These factors can make it challenging for your dealership to secure funding from traditional lenders like banks or the SBA.
ASAP Capital offers a streamlined online application, faster turnaround times, and flexible approval requirements, enabling us to approve more car dealer funding. We provide a range of alternative auto dealer funding options to support your dealership's growth, with amounts ranging from $3,000 to $500,000. We fund all types of automotive businesses, including independent dealerships, used car dealers, repair shops, service centers, and more.
Auto Dealer Funding Rates
Auto dealer funding rates vary depending on the type of alternative small business funding you obtain. Many alternative car dealer funding options use a factor rate rather than a traditional interest rate. Factor rates are straightforward decimal figures that indicate the additional amount you'll owe on the original loan amount, and they are determined based on your risk assessment.
Car Dealer Funding Solutions
Our knowledgeable and approachable Funding Advisors will collaborate with you to identify the funding option that best aligns with your goals while ensuring your dealership’s cash flow remains intact.
Car Dealer Funding Solutions
Our knowledgeable and approachable Funding Advisors will collaborate with you to identify the funding option that best aligns with your goals while ensuring your dealership’s cash flow remains intact.
How to Utilize Car Dealing Firm Funding
Consumers are increasingly holding on to their vehicles longer and choosing repairs over replacements. In response to these shifts in consumer behavior and other economic factors, many automotive dealers are enhancing customer loyalty and retention by expanding their used vehicle departments or offering additional services such as financing, insurance, and vehicle maintenance and repair.
With funding from ASAP Capital, there are no restrictions on how you can utilize your auto dealer funds. Typically, this funding is most effective for supporting growth strategies that boost your dealership’s revenue, such as:
Purchasing additional inventory, which is a major expense for car dealerships.
Upgrading or renovating your dealership's showroom.
Boosting marketing efforts to attract more customers.
Expanding your business to include a repair shop; in 2018, franchised dealerships alone generated over 310 million repair orders for service and parts, amounting to more than $116 billion.
Providing buyer incentives, such as discounted or free oil changes for a year, warranty programs, or complimentary roadside assistance in collaboration with a local towing company.
How to Utilize Car Dealing Firm Funding
Consumers are increasingly holding on to their vehicles longer and choosing repairs over replacements. In response to these shifts in consumer behavior and other economic factors, many automotive dealers are enhancing customer loyalty and retention by expanding their used vehicle departments or offering additional services such as financing, insurance, and vehicle maintenance and repair.
With funding from ASAP Capital, there are no restrictions on how you can utilize your auto dealer funds. Typically, this funding is most effective for supporting growth strategies that boost your dealership’s revenue, such as:
Purchasing additional inventory, which is a major expense for car dealerships.
Upgrading or renovating your dealership's showroom.
Boosting marketing efforts to attract more customers.
Expanding your business to include a repair shop; in 2018, franchised dealerships alone generated over 310 million repair orders for service and parts, amounting to more than $116 billion.
Providing buyer incentives, such as discounted or free oil changes for a year, warranty programs, or complimentary roadside assistance in collaboration with a local towing company.
How Auto Dealer Funding Works
APPLY
Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.
CHOOSE FUNDING
A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.
GET FUNDED
Once you and your Funding Advisor agree on the best funding solution for your business, funds can be approved and deposited within 24 hours.
SET REPAYMENT
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.
How Auto Dealer Funding Works
APPLY
Collect 3 months of bank statements and other necessary documents. For expedited approval, provide secure access to your bank account’s transaction data.
CHOOSE FUNDING
A Funding Advisor will contact you within 1 hour (during regular business hours) to finalize your application and discuss funding options.
GET FUNDED
Once you and your Funding Advisor agree on the best funding solution for your business, funds can be approved and deposited within 24 hours.
SET REPAYMENT
Payments will be automatically deducted from your business’s daily or weekly debit and credit card sales, with amounts based on your sales volume.
Are You Eligible for Car Dealer Funding
Exact qualification requirements vary depending on the type of accounting firm funding you are pursuing. Approval for funding from ASAP Capital isn't determined solely by your credit score or financial history. Instead, we assess the overall health of your business, including:
Business revenue
Cash flow management
History of payments to vendors
Duration of business operation
Publicly available records
Are You Eligible for Car Dealer Funding
Exact qualification requirements vary depending on the type of accounting firm funding you are pursuing. Approval for funding from ASAP Capital isn't determined solely by your credit score or financial history. Instead, we assess the overall health of your business, including:
Business revenue
Cash flow management
History of payments to vendors
Duration of business operation
Publicly available records
Auto Dealer Funding Guides
10 Alternatives to SBA and Bank Small Business Loans (Excluding Family and Friends)
Merchant Cash Advances: What They Are and How They're Used
7 Common Myths and Misconceptions About Merchant Cash Advances
Auto Dealer Funding Guides
10 Alternatives to SBA and Bank Small Business Loans (Excluding Family and Friends)
Merchant Cash Advances: What They Are and How They're Used
7 Common Myths and Misconceptions About Merchant Cash Advances
Damon: (619) 453 5737