Licensed finance companies in Singapore offer floor stock financing for used car dealers, and SingFinance is one of them. As a MAS-licensed finance company, we provide floor stock financing for dealers trading in new, used and COE vehicles, with financing of up to 80% and repayment terms of up to 90 days.

SME inventory financing options for Singapore automotive showrooms include revolving floor stock facilities, block discounting and other business loans. A revolving floor stock facility often suits showrooms because it funds inventory directly and restores your limit as vehicles sell. SingFinance offers all three and can advise which fits your trading pattern.

Yes. Interest on SingFinance's floor stock financing is charged on a daily basis, so you pay only for the days you actually use the funds. This keeps your financing cost aligned with how quickly your inventory turns over, rather than charging a flat rate regardless of how long each vehicle stays on the floor.

Revolving floor stock loans from SingFinance carry repayment terms of up to 90 days. The revolving structure means that once you repay the amount drawn against a vehicle, your credit limit is restored, so you can draw again for the next unit without reapplying.

A term loan gives you a fixed lump sum repaid over a set schedule, while a revolving floor stock facility lets car dealers draw against a credit limit as they buy inventory and repay as they sell. For a showroom whose stock turns over regularly, the revolving facility matches cash flow far more closely than a fixed term loan.

A dealer floor stock loan in Singapore requires:

• A signed application form.
• A copy of the applicant’s ACRA, guarantor’s NRIC, and proof of income.
• Financial statements from the last two years.
• Bank statements from the last six months (where applicable).
• Any further documents as requested by the loan provider.

There is no 0% interest floor stock financing for car dealers, as any facility that funds your inventory carries a financing cost. What matters is how that cost is charged. SingFinance charges interest on a daily basis, so you pay only for the days you use the funds rather than a flat fee across the full term.