4700 Groveport Rd, Columbus, Ohio - 614.497.2000
Dealer Service Center
Reconditioning and Detailing
Auction Lane Schedule
Rules and Regulations
Float Sale Terms
Vehicles purchased in the designated Float Lanes may be floated up to 30 days.
Only dealers with check writing privileges may float. *
Cash-Only dealers are not eligible
Any returned checks will result in loss of float privileges and potentially check writing privileges altogether.
A float fee is added to the buy fee.
Checks may be deposited or other payment made by the Friday after sale and the $80 float fee will be credited. Any payment received after Friday will include the float fee.
The float limit is $7,500. This is the maximum amount per vehicle that CFAA will float. Any portion of the total over $7,500 must be paid for by check the day of the sale.
Example: Sale Price = $10,000. Must be paid for with 2 checks. One check for $7,500 to be held for up to 30 days. An additional check for $2,500 which will be deposited immediately.