How much do you pay over prime with your flooring company and what are your terms? We are currently at 1.5 million with 2.0% over prime and 50/50/50. I Feel like we are leaving a lot of money and negotiation on the table. We recently heard a dealer down the street has 1.0% over prime with Nextgear Capital and 30/50/50 so that's our next goal unless you all have some better ideas and terms. Any input on dealer capital would be appreciated.
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Flooring
- Thread starter atoler
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AI Summary
A dealer seeks advice on optimizing their flooring terms, currently paying 1.5% over prime with a $1.5M credit line and 50/50/50 terms, believing they're getting a poor deal. A competitor reportedly secured better rates at 1.0% over prime with Nextgear Capital and 30/50/50 terms, prompting the original poster to benchmark their position and explore negotiation opportunities. The thread is a straightforward rate and terms comparison seeking peer input on competitive flooring offers.
✨ AI Highlights
A dealer seeks advice on optimizing their flooring terms, currently paying 1.5% over prime with a $1.5M credit line and 50/50/50 terms, believing they're getting a poor deal. A competitor reportedly secured better rates at 1.0% over prime with Nextgear Capital and 30/50/50 terms, prompting the original poster to benchmark their position and explore negotiation opportunities. The thread is a straightforward rate and terms comparison seeking peer input on competitive flooring offers.
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