Prepare Your Dealership For The Future
06/15/2021
With GM set to launch dozens of EVs in the next few years, you want your dealership to be equipped to sell and service these vehicles on day one.
GM Financial is offering floorplan dealers a way to help finance1 the upfront costs of equipment required to sell and maintain the HUMMER EV, Cadillac LYRIQ and other groundbreaking new EVs.
- Revolving line of credit (RLOC) up to $200,000 for GMC HUMMER EV dealerships
- RLOC up to $325,000 for Cadillac dealerships
- 1.0% interest for up to 12 months
“With these offers, you can preserve your cash flow for your business while getting up to speed with GM’s EV strategy,” said Vince Woffenden, VP Commercial Lending. “We’re proud to be aligned with GM, as we support our dealers in our EV future.”
If you are a GM Financial floorplan dealership, contact our Commercial Lending team to begin the process and to ask any questions you may have.
If you are not yet floorplanning with GM Financial, contact your GM Financial DRM to learn more about all the ways our suite of floorplan solutions can benefit your business.
1Subject to credit approval. Available to GM Financial floorplan dealerships in Canada and approved by GM Canada. Dealership must meet certain credit requirements, execute all applicable documentation and be in good standing with GM Financial. Offer for eligible GMC HUMMER EV dealerships expires on June 30, 2021. Offer for Cadillac dealerships expires Dec. 31, 2021. After approval is verified and loan document is executed, dealership has 12 months to take advances as costs associated with participation are incurred. Line of credit matures, and full balance is due, 12 months from the date of the promissory note.