Daily Tab
Low-cost cash substitute for independent dealers
If you’re used to paying for inventory with cash, a dealer floorplan can seem daunting. But it doesn’t have to be. AFC’s Daily Tab program is your gateway to floorplan financing, offering a simple daily fee structure where you only pay for the days you use the floorplan.
Stash your cash and checkout at the auction faster when you put purchases on your Daily Tab.
How does Daily Tab work?
Use simple math
Fees are easy to calculate
Daily fee based on floored amount
Daily Fee Schedule*
< $5,000
$3.00
$5,001-$10,000
$5.00
$10,001-$15,000
$8.00
>$15,000
$10.00
Only pay for days on floorplan
Fees are assessed daily**
Daily Tab Floorplan Terms
Term
Curtailment Fee
Curtailment on 46th Day
*Daily fees are cumulative. **Standard
daily
fees include a floorplan fee, interest, and a document processing fee.
All other fees and
charges
will be applied pursuant to the terms of the agreement with AFC.
When is Daily Tab your best financing option?
Lower-cost inventory
For less expensive inventory, Daily Tab is a great substitute for cash—so you can put those
funds into other areas of the business.
Unlike a traditional dealer floorplan, Daily Tab’s all-inclusive standard fee structure enables
you to easily calculate your total cost, and it keeps it low and manageable in the short term.
Rapid turn times
When you know you have a unit that will sell quickly, Daily Tab
doesn’t lock you into a long-term commitment—you pay a daily standard fee for the days it’s on
your floorplan.*
The faster it sells, the less you pay—and if needed, you can curtail the vehicle to extend your
term.
Pay a standard flat fee only for the
days the vehicle stays on your floorplan.* It’s that simple.
If you’ve never considered financing vehicle purchases before but you’re tired of the cash flow crunch, Daily Tab could be just what your independent auto dealership is looking for.
*Standard daily fees include a floorplan fee, interest, and a document processing fee. All other fees and charges will be applied pursuant to the terms of the agreement with AFC.
Want to learn more about Daily Tab?
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AFC’s Daily Tab floorplan product is only available to licensed vehicle dealers (Non-Rental) without a standard AFC floorplan line of credit who qualify for AFC credit and contracting requirements in select jurisdictions, excluding New York and South Dakota. Daily fee applies to select vehicles purchased at AFC-approved inventory sources and floorplanned with AFC at the time of purchase. Daily fee is determined by the floorplan balance and is subject to change. AFC reserves the right to modify or terminate a Dealer’s credit line pursuant to the terms of the agreement with AFC. See an AFC representative for complete details.
