Can you explain the floorplan financing?

Can you explain the floorplan financing?

Categories Dealer Questions

Dealers are able to apply for floorplan financing to purchase their inventory.

Depending on what you are approved for, you will be able to make interest-only payments for 9 or 12 months, followed by payments including principal thereafter.

However, most dealers will typically sell off their model units prior to the 9 or 12 month mark, and replace sold units with new display models, thereby avoiding the need to pay principal.

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