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Floor Plan Interest

Definition for united kingdom 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.

United Kingdom Context

In the united kingdom dealer market, floor plan interest operates within the context of FCA motor finance regulation and Consumer Rights Act 2015. Dealerships running Keyloop, Pinewood, Dragon2000 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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US Definition · UK Glossary

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