Automobile dealer often finance their inventories of new vehicles through finance companies using

Question

Quizplus · Accepted Answer

Automobile dealers typically use floor plans to finance their inventories of new vehicles. A floor plan is a type of loan specifically designed for financing the inventory of automobile dealers, allowing them to have a range of vehicles on their showroom floors for customers to view and test drive without having to purchase the vehicles outright until they are sold.

Automobile Dealer Often Finance Their Inventories of New Vehicles Through