Inventory Financing

Charleston Auto Auction accepts all major National and Regional dealer floor-plan programs making buying from us as easy as having your own banker on the premises.  The following is a partial listing of qualified programs that we accept:

• AFC --- Application

• Auto Use --- Application

• Car-Bucks Inc --- Application

• Dealer Services Corporation --- Application

• Dealers Finance --- Application

• GMAC --- Application

• MAFS

28-Day Float

At the Charleston Auto Auction we provide our dealers with an advantage of having more buying power. Through our FLOAT Program, every dealer can buy more vehicles and in turn provide their customers with a larger inventory.

Here is how it works:

Ø       28-Day Float Plan - $20,000 limit per vehicle.  10 vehicle or $100,000 limit per dealership at any given time.  Maximum of $100,000 outstanding at any given time. 

Ø       You write one check per vehicle on the day of sale/purchase and float it for the next 28 days.

Ø       Should you sell the vehicle before the end of the 28 day period, just give us a call and the check(s) will be dropped (deposited) and we will mail your title(s) after a 3-day title delay. 

Ø       On the 28^th day the check(s) will automatically be deposited and all titles will be sent by U.S. Mail or Federal Express after the 3-day title delay.

Ø       Outside/Off block sales do not qualify for float.

 There is a “float fee” charged at the time of purchase in accordance with the schedule below, which must be on a separate check as it goes directly to the bank for deposit. There is no pro-rating of this float fee for a shorter period.  If the vehicle is over $20,000 we need a separate check for this overage, which will go directly to the bank for deposit on sale day.

To find out if your dealership is approved for FLOAT, please contact Dealer Registration at 843-719-1900.

For more information about dealer financing or if you do not see your floor-plan company on the list, contact Laura Taylor at (843) 719-1900 ext. 107.