Copyright © 2011, DataScan Technologies LLC
6
All rights reserved.
Standard Floorplan Terms
Vehicle Type
Advance
Maturity
Curtailments
New Vehicles
100% of invoice
18 months
5% of the original amount
financed per month, after
the first 12 months
New Demonstrator
Vehicles
100% of invoice
18 months
2% of the original amount
financed per month for
months 1-12, Months 13-17
5% per month of the original
amount financed per month.
Used Vehicles and
Auction Purchases
(Current + 5 years)
100% of auction price
or wholesale value
6 months
None
Used Demonstrator
Vehicles
100% of wholesale
value
6 months
2% of the original amount
financed per month
Service
Rental/Service
Loaner New
100% of invoice or
wholesale value
18 months
2% of the original amount
financed per month for
months 1-12, Months 13-17
5% per month of the original
amount financed per month
Service
Rental/Service
Loaner Used
100% of invoice or
wholesale value
6 months
2% of the original amount
financed per month
