General Information
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| Figure 1: (Click To Enlarge) |
A "Floor Plan" (Figure 1) is when you borrow money to buy vehicles, the vehicle then becomes the security for the loan, which is then repaid when the vehicle is sold. You can specify the Floor Plan company, as well as cost and payment information for the Floor Plan. The total cost of the Floor Plan will be calculated and added to the cost of the vehicle.
| • | By clicking on the "Floor Planned?" check box, you will then be able to add or select a Floor Plan company. To learn more about the information on the Floor Plan Company window, click here: Floor Plan Companies |
| • | BEGINNING DATE: The default beginning date of the floor plan will always be the purchase date of the vehicle. This should be changed to the beginning date of the Floor Plan if it is different. |
| • | FLOOR PLAN COST: This cost will continue to be changed each day as your cost accrues, until you enter an "Ending Date." You can manually enter the "Ending Date" or the system will prompt you to "Close out the floor plan?" when you sell the vehicle. |
Helpful Hints
After a sale is complete, the final floor plan cost is included on the Sales Recap. This cost amount can be referenced when issuing a check to the Floor Plan Company.
How Do I Get There?
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| • | or select an existing vehicle from inventory. |
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See Also: