Floor Plan Agreement. The increase in cash flow allows dealers to use that money on other needs of the dealership instead of being tied up in. Most dealers use a plan to finance their inventory and take into account the costs of installation in the price presented to the consumer.
And AUTOSOURCE ENTERPRISES INC. The Line of Credit shall be evidenced by subject to and repaid in accordance with the terms and conditions hereof and of a Floor Plan Agreement Note duly executed and delivered by the Borrower. These loans are made against a specific piece of collateral ie.
There are 3 available options.
Select the Sign icon and create an e-signature. When each automobile is sold the loan advance against that particular piece of collateral is repaid. The terms of the Note are incorporated herein by reference thereto. With a floor plan the initial investment needed to buy a particular unit is a fraction of the vehicles actual purchase price.