Independent floorplan finance (OPENLANE company)

AFC (Automotive Finance Corporation)

Dealer-facing profile: typical fit, operational expectations, and official resources.

Best fit: Independent used car dealers that buy at auction and want branch coverage, flexible structures, and dealer support.

Watch for: Audit cadence, curtailments, and title timelines—especially for fast-turn lanes and digital auctions.

What dealers should verify before applying

Eligible inventory types (retail, wholesale, salvage, specialty)
Advance rate rules (by unit type, age, mileage, and source)
Curtailment schedule and grace periods
Audit frequency and audit method (on-site, virtual, self-audit)
Title policy and exception handling
Fee schedule (interest, curtailments, late fees, audit fees if any)

Dealer tip: Floorplan performance is judged by net availability (availability after curtailments + audit exceptions), not the headline line amount.

Official resources

Source notes

AFC positioned as OPENLANE’s preferred floorplan and described as a floorplan pioneer since 1987 (per OPENLANE).

Common reasons floorplans get tightened

Issue	What it triggers	Dealer control
Title delays	Audit exceptions, reduced advances	Title desk workflow + document SLAs
Aging creep	Curtailments, higher carry cost	Aging caps + weekly aged-inventory review
Inconsistent reporting	Audit escalation	Daily book updates + reconciliation
Repeated late payoffs	Line reductions	Payoff cadence tied to sold log