At Lefkoff Law, we regularly review and counsel clients on floor plan financing arrangements. Those are the agreements between dealers and finance companies to finance dealers’ purchases at auction. Those agreements often have clauses in them that have particular consequences to dealers if they violate them and many dealers don’t know what’s in those clauses and those agreements. We review floor plan finance agreements, we mark them up, we negotiate them, and we address them in litigation if the floor plan company comes after the dealer.
On the flip side, we also represent floor plan companies in creating those contracts and in reviewing and analyzing floor plan financing arrangements.
If you have a floor plan matter, whether you own or manage a floor plan provider, you are a dealer considering a floor plan arrangement, or have been faced with litigation or a demand for a floor plan company, please contact Lefkoff Law today to determine what your options are and to develop a strategy for moving forward.