Frequently Asked Questions (FAQ)
- Where can I use this floor plan?
- What will I be obligated to do if I get a floor plan?
- Will I have limitations on what I can buy?
- What are the basic qualifications needed to apply?
WHERE CAN I USE THIS FLOOR PLAN?
Does the map give you a hint?
You can buy from any licensed dealer or auction.
You can floor trade-ins and private party purchases with prior approval from Floor Plans, Inc.
You can buy where you want to buy.
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WHAT WILL I BE OBLIGATED TO DO IF I GET A FLOOR PLAN?
YOU HAVE NO MINUMUMS EXCEPT FOR THE BANK SERVICE FEE.
- Some dealers use our floor plan during the winter months.
- Some dealers use our floor plan during the summer months.
- Some dealers use our floor plan all year long.
- We will need the check copy and auction slip or bill of sale.
- We will need the original title with our lien noted.
- Annually, you will need to prepare personal and business financial statements to give to Floor Plans, Inc.
- By tax filing date you give to Floor Plans, Inc. a copy of your tax returns for the previous year.
- See The Program
WILL I HAVE LIMITATIONS ON WHAT I CAN BUY?
YOU WILL NOT HAVE ANY LIMITATIONS ON WHAT YOU CAN BUY!We understand that your success as an INDEPENDENT dealer is based on DOING WHAT YOU DO BEST! Only YOU can run YOUR business your WAY!
You know how to run your business better than we do. You know what cars, and what condition and mileage you can sell. You will not find us trying to change that. You will be free to continue as you have been in the past.
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We watch the trends of your business. If we see your trends are changing, we will ask you to bring us up to date on your business plans. We ae always ready to discuss business with you. If we can share any good ideas, then we're both better off.
You need a friend to help you do business, not someone to tell you how to run it. The more business you do, the happier we'll be!
FLOOR PLANS, INC. IS THAT FRIEND!"THE FLOOR PLAN PEOPLE"
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WHAT ARE THE BASIC QUALIFICATIONS NEEDED TO APPLY?
We thought that you would like us to describe to you what our average dealer looks like so you could see what the qualifications are. See where you fit in.
OUR AVERAGE DEALER...
- Has been in business for 3 years or more.
- Has been doing business in the same place for some time.
- Has an above average credit history.
- Has a good track record.
- Usually buys from auctions and other dealers.
- Buys cars that wholesale for less than $10,000.
- Allows Floor Plans, Inc. help him make a profit.