How to determine the right term for your dealer floorplan
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Dealer floorplan
Long-term floorplan
Short-term floorplan
Note: All content copyrights are owned by Automotive Finance Corporation.
“Term lengths generally fall into two buckets—short-term and long-term—and each comes with its own benefits and risks. Let’s dive deeper into the differences between the two.”
With the legal requirements associated with a financial services business like Automotive Financial Corporation, providing advice to the dealers we serve could become somewhat fraught. We always had to take care to make sure that we were as general as possible while still providing good information—we had to be right, we had to be smart, but we couldn’t tell anyone what to do.
All content copyrights are owned by Automotive Finance Corporation.
All content copyrights are owned by Automotive Finance Corporation.
For this piece, I was able to thread that needle by speaking to a number of subject matter experts, the people who advised our client-facing teams on what best practices were. That way we were sure what we were putting out there was correct, and also the most up-to-date information—reflecting the realities that AFC branches nationwide and the dealers they serve face every day. Collaboration with our legal team was also key, in order to hone the language to make it as precise as possible, and also soften “you should” to “consider this.”