Floor Plan Operation

How profitable is a floor plan operation?
Our program can track any type of collateral but we place an emphasis on vehicles and modular homes. Private floor plan companies that cater to car dealerships can charge inherent interest rates from 20 to 40%, usually dependent on the cost the vehicle with the lesser cost vehicles having the highest rates. These floor plan companies charge a combination of fees and/or interest rates.

Community lenders, including banks and credit unions, that are more suited to interest billing can significantly generate fee income by charging a fee on a per unit basis. The Tirekicker software is very flexible with regard to the rate structure depending on a company’s yield objectives. We can assist you in meeting any rate objectives that you desire.