Using your local bank for Floor Plan Financing may not be all roses and butterflies. Your local bank may require you to pledge other assets in order to get dealer financing. What does that mean? Simple. You could lose your house if you default on your Floor Plan. Check out this three-minute video for tips […]
Feeling stuck with a big, nasty, abusive Floor Plan provider? Think there’s no better option? Think again! Your best option for financing may be your local bank. In this video, we explain why. Below is a transcript of the video: In an earlier video, I was talking about the sources of floor plan financing […]
In our last video, we discussed what a Security Interest is. Now let’s talk about what it means for you. When you give a Security Interest to your Floor Plan provider, it likely extends beyond the cars on your lot. Depending on your arrangement, the Floor Plan provider may have the right to seize other […]
Did you know that there is an entire area of law focused solely on something called Security Interests? Most people don’t and I can’t blame them. It is dry and extremely complicated. Watch this two-minute video to get the basic gist of what Security Interests are and why they’re important. Below is a transcript […]
