floor plan
When a dealership buys cars from the manufacturer, they often borrow money to pay for them. The longer those cars sit on the lot, the more interest they have to pay on that borrowed money.
A financing arrangement where a dealership borrows money to purchase inventory from manufacturers, paying interest on the value of vehicles that remain unsold.
Hear It Discussed
"...the floor plan charges are going to be astronomical. And that is something that they just can't afford."
Car Pro Radio Show October 11 25 Hour 1 CarPro Radio Show
"it's just starting to cost you considerable money from finance charges through your floor plan of financial arrangements with the banks. So dealerships are more motivated to sell cars that have..."
Ram, Dodge, Jeep & Chrysler Can't LOWER PRICES FAST ENOUGH | Episode 1112 CarEdge Live
"But they said it was a non-starter to replace the dual clutch because it would have required them to rework the car's floor plan."
Ferrari's Fake Manual? The Future of Driving Just Got Complicated Full Throttle Talk
Cars Known For This
Episodes Mentioning "floor plan"
Ram, Dodge, Jeep & Chrysler Can't LOWER PRICES FAST ENOUGH | Episode 1112
CarEdge Live
The Automotive Revolution: AI, Robotics, China, FTC Compliance, and What's Next for Dealerships
Automotive Informants
Ferrari's Fake Manual? The Future of Driving Just Got Complicated
Full Throttle Talk
Law on Digital Dealer, Burnett on Sales, Ebin on Ads, Pister on Fixed | Daily Dealer Live
Car Dealership Guy Podcast
Car Dealerships are Getting What They Deserve Finally (Reaction) | Episode 1108
CarEdge Live
#28 - Monday Minute | Nothing Happens Until You Collect the Money
The Independent Dealer Podcast
Why Used EVs Are Suddenly the Best Deal in Cars | Plug CEO Jimmy Douglas
The InEVitable
The Secret Plan to Create America's Next Dealer Owners (& What Comes Next) | Perry Watson IV, President of NAMAD
Car Dealership Guy Podcast
#438 - How To Buy Out Your Dad (And Your Biggest Competitor)
The Independent Dealer Podcast
Levi on Ventures, Lawrence on EV Market, Hatch on Volume Sales | Daily Dealer Live
Car Dealership Guy Podcast
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