AFC
Automotive Finance Corporation
Floor plan Your Auction Purchases
Purchasing Power at:   AFC Benefits:
  • Over 200 Independent Auctions nationwide
  • ADT Auction chain
  • Mannheim Auction chain
  • ADESA Auction chain
 
  • Adequate capital to support your current and future growth
  • Flexibility in granting credit
  • Rapid response to your application
  • No hidden cost associated with floor plan
  • Permits shopping for the right inventory at the
     
AFC Quick Facts    
  • ONE PAGE - one time, application
  • CREDIT LINES available from $5,000 to $5,000,000
  • TERMS (standard) - full 30-days
    CHARGES: Fee-$75 per car/per term
    PAYOFFS: Due 48 hours after vehicle sale or upon maturity, whichever is earlier
    EXTENSIONS: Additional 30-days, with payment of fee, interest and pay down of principle due upon maturity.
  • MISCELLANEOUS: Inventory is verified periodically. Funds can be used at any AFC approved auction.
     
Application Process    

The following must be included with your application:

  1. Current dealer license
  2. Copy of current drivers license for each owner
  3. Copy of company bank check
  4. Copy of current insurance
 

For credit lines over $100,000 we also require:

  1. Last two years tax returns on owner(s) and business
  2. End of year income statements and balance sheet for business
  3. Current personal financial statement
 
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