ATC-Onlane Offers Attractive Flooring Incentives for Vehicles Purchased on ATC Open.Limited Time Offers from Top Floorplan Providers Deliver Immediate Savings to Dealers MENLO PARK Menlo Park. 1 Residential city (1990 pop. 28,040), San Mateo co., W Calif.; inc. 1874. Electronic equipment and aerospace products are manufactured in the city. Menlo College and a Stanford Univ. research institute are there. 2 Uninc. , Calif. -- ATC-Onlane, the largest online auction company in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. for automotive dealers to buy and sell wholesale vehicles, today announced several new incentives for dealers flooring vehicle purchases on ATC ATC Air Traffic Control ATC Average Total Cost ATC Certified Athletic Trainer ATC At the Center (Hartford, Maine retreat center) ATC Applied Technology Council ATC All Things Considered Open (www.atcopen.com). From March 1 through April 30, dealers can take advantage of attractive financing from the company's premier floorplan partners, including Automotive Finance Company (AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. ), Auto Use, Dealer Services Corp. (DSC (1) (Digital Signal Controller) A microcontroller and DSP combined on the same chip. It adds the interrupt-driven capabilities normally associated with a microcontroller to a DSP, which typically functions as a continuous process. See microcontroller and DSP. ) and Flex Fund -making it even easier to procure vehicles via the Internet. By partnering with key floor plan companies, ATC-Onlane enables its customer base to buy the cars of their choice online, without worrying about tying up cash. This allows dealers the flexibility to pick and choose which cars best complement their existing inventory. And by working with a range of different floor plan sources, dealers have many different finance options that will best suit their individual dealership needs. Limited Time Floorplan Incentives - From Zero Percent Interest to Waived Fees As a result of ATC-Onlane's longstanding partnership with AFC, a premier capital funding source for the used car industry, dealers can now take advantage of a "no floorplan access fee" on all fleet unit purchases for the initial floorplan term, a savings of up to $110. Through this incentive, the first term access fee is completely waived, even if the dealer only floors the vehicle for one term. After the first term, standard fees and interest rate schedules apply. Separately, dealers who finance with Auto Use, an independent finance company, can benefit from zero percent interest on all purchases for the first 30 days. DSC is also offering an incentive for dealers on floorplan access fees. Typically, the floorplan access fee costs $65 for the first term (usually 45 days) plus daily interest. During the time of the incentive, DSC is offering a $60 floorplan access fee for 60 days plus a reduced interest rate of 2.5 percent over prime for all units sold on ATC Open. A new partner of ATC-Onlane, Flex Fund Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. provides a completely different pricing model that relies on flat rates instead of fees and interest for flooring vehicles. By paying for a purchase on ATC Open via Flex Fund, dealers can now capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. a 50 percent discount on floorplanning costs from the standard fee schedule for their first three purchases. "ATC-Onlane is committed to exceeding dealers' expectations with a large variety of floorplan options for buying wholesale vehicles online," said Clive Kinross, senior vice president of ATC-Onlane. "We encourage dealers to flex their purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. by taking full advantage of these limited time flooring incentives available on ATC Open. It has never been easier to find out firsthand first·hand adj. Received from the original source: firsthand information. first how buying online can improve any dealer's bottom line." For more information on ATC-Onlane's floorplan partners, please visit www.atcopen.com/atc-open/promotion/promotion.html. About ATC Open ATC Open is a full-service online marketplace that delivers the most desirable inventory and allows licensed dealers to acquire wholesale vehicles more cost efficiently than physical auctions. By offering complete end-to-end services, dealers have the ability to purchase their entire inventory of cars online without having to leave the dealership. About ATC-Onlane ATC-Onlane, Inc. is the leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles. The company offers proven, end-to-end auto remarketing solutions to auto manufacturers, captive finance companies Captive Finance Company A subsidiary whose purpose is to provide financing to customers buying the parent company's product. Notes: The captive finance company is usually wholly owned by the parent company. , lease and daily rental companies, financial institutions and wholesale auto auctions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. Since 1999, ATC-Onlane's products and services have enabled customers to reduce cycle times, costs, and achieve greater profitability. For more information, please visit www.atc-onlane.com or call +1 (866) 969-0321. |
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