Large-bank dealer services (floorplan tooling reference)

Bank of America (Automotive Dealer Services - Floorplan Tools)

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

Best fit: Dealers already in a large-bank relationship that need auction funding workflows and dealership efficiency tooling.

Watch for: Relationship underwriting and covenants; bank-style reporting discipline.

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

Dealer services floorplan tools

Source notes

BofA describes dealer services and automated auction funding with Manheim (per BofA).

Rate & terms snapshot

Bank of America Dealer Floorplan — key terms

Parent company	Bank of America
Best-fit dealer	Mid-to-large franchise dealers and well-established dealer groups
Typical interest rate	Prime + 1–2.5% (competitive for prime dealers)
Typical advance rate	Typically 80–100% of invoice for new; 80–95% of book for used
Curtailment schedule	Structured by franchise program; typically 90–120 days
Typical min. line	Generally $1M+ for new relationships
Audit method	Regular on-site audits; large groups may negotiate virtual audit options
Best for	High-volume franchise dealers needing large line sizes and competitive pricing; dealer groups with existing BofA banking relationships
Not ideal for	Small independents, BHPH, or dealers without strong financial statements

Dealer note: Bank of America's floor plan is most competitive for dealers who also use its deposit, treasury, or commercial real estate products. The relationship-banking model means getting your best rate often requires bringing total banking wallet to BofA.

Rates and terms are estimates only. Always request a current quote from Bank of America Dealer Floorplan before making decisions.

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

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