Tuesday, lane 4, and the exact unit your buyer asked for rolls through at the right money - except your cash is tied up in the last three purchases. The auction line of credit exists for precisely this moment: pre-arranged buying power that clears at every major auction, so the constraint on your buying is judgment, not liquidity.
How auction lines actually work
Functionally it IS a floor plan - optimized for auction velocity. Many dealers run an auction-focused line for buying speed alongside a primary floor plan for overall inventory, splitting usage by where each lender's fees and title speed are strongest.
- Approval sets a buying limit ($50K-$500K+) tied to your AuctionACCESS ID
- Buy in-lane or online (Manheim, ADESA, ACV, SmartAuction) - the line pays the auction directly
- Each unit becomes a floored draw: interest + fees accrue per unit, payoff at sale
- Titles route through the lender; audits verify inventory like any floor plan
What it costs
| Component | Typical range |
|---|---|
| Interest | Prime + 3-7% (roughly 10-15% APR today) |
| Per-unit / draw fee | $35 - $115 |
| Curtailments | 5-10% at 30/60/90 days |
| Title / processing | $10 - $50 per unit |
Watch title speed like a hawk
A lender who sits on titles for two weeks kills your retail deals and your BHPH contracts. Before signing, ask working dealers on the line: 'how fast do payoff titles actually move?' It matters more than half a point of rate.
60-Second Funding Check
No credit pull. No obligation. Just a straight answer.
What do you need funding for?
We know which lines dealers actually like
Fee schedules, audit style, title speed - Dealerun matches you to auction credit partners dealers renew with, not just the biggest logo. Starter lines for new AuctionACCESS IDs included.
Get lane-ready buying power
Approved before Tuesday's sale - that's the whole point.
FAQ
What do I need to qualify for an auction line of credit?+
Dealer license, bond, AuctionACCESS registration, and reasonable guarantor credit. New dealers start at $50-100K limits; six months of clean payoffs typically doubles it.
Auction line vs. regular floor plan - which first?+
They overlap heavily - most dealers start with whichever approves best, then add the second for capacity and leverage. If your buying is 80%+ auction, start with the auction-native line for its clearing integration.
Get a callback from a funding specialist
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See what funding your business qualifies for - it takes two minutes and won't affect your credit.