Floor Plan Interest
Definition for europe automotive professionals.
Floor plan interest is the financing cost a dealership pays on its vehicle inventory. The floor plan lender (bank or captive finance company) finances the purchase of inventory, and the dealer pays interest on each unit until it is sold and the loan is paid off.
Europe Context
In the europe dealer market, floor plan interest operates within the context of EU Consumer Rights Directive and GDPR. Dealerships running Keyloop, incadea, Autoline encounter floor plan interest in their daily workflow. DealerInt captures the decision layer around floor plan interest that your DMS wasn't designed to track.
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