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Our Company
Designed for independent auto dealers, by independent auto dealers.
Celebrating Our 20th Anniversary
This year (2024) marks a very exciting milestone for CarBucks Floor Plan; 20 years of serving the automotive industry.
CarBucks was founded with a vision to serve used car dealers and assist them in building their dreams. We continue to hold strong to the values and practices that were established so many years ago, and thank those who have been with us along the journey.
Built To Meet Your Financing Needs
Our co-founders, Jerry and Mary Miles established CarBucks Floor Plan in 2004 to provide independent auto dealers with access to flexible financing solutions – a need they identified throughout their time owning and operating multiple dealerships, an auto repair shop and the Charleston Auto Auction. From day one, CarBucks was built to meet the specific financing needs of independent dealerships.
Early Success
We saw early success and rapid growth throughout our first year in business.
Two key members joined our team in 2004 – Adam Jowers and Jimmy Miles. While Adam was establishing company logistics, Jimmy was cultivating relationships with dealers and blazing the trail for expansion outside of upstate South Carolina.
In 2005, we sold CarBucks Floor Plan to GrandSouth Bank and hired Jeff Miles, who would later be appointed company president in 2007. Jeff has led our organization to tremendous growth over the years and continues to navigate our company through ever-changing business climates.
Expanding Infrastructure
Country-wide Growth
CarBucks Floor Plan partnered with QuikTrak in 2011, expanding our footprint to locations previously not accessible by a CarBucks employee. Two years later, we reached $25 million in outstanding loans.
CarBucks Headquarters
As our team continued to grow, so did the need for our own dedicated facility outside of the GrandSouth Bank corporate offices. We moved our team into our current facility in 2014.
Enhanced Capabilities
Enhancements to our online inventory management system, coupled with our signature 60/60/60-day floorplan option, catapulted outstanding loans to $50 million in 2015 and $75 million in 2016.
Commitment and Dedication
The culture of success at CarBucks Floor Plan is largely accredited to the commitment and dedication exemplified by our co-founders.
Throughout the growth of our organization, Jerry and Mary Miles led by example and worked week-in-week-out to ensure the success of the company – rarely taking time off for themselves. On February 8, 2021, Jerry passed away and on June 30, 2021, Mary retired from the company. Their endless dedication to their work, and their commitment to efficiency and accuracy is forever engrained into the CarBucks organization. Their vision will continue to steer the company into the future.
A Bright Future
CarBucks Floor Plan reached the $100 million outstanding loan mile marker in 2022. On January 1, 2023, CarBucks was acquired by First Bank. Our leadership team, with Jeff Miles at the helm, is excited to embark on this next chapter with new faces who are just as dedicated to success as we are.