<< Click to Display Table of Contents >> Navigation:  Vehicles > V-1 Inventory > Floor Planning Tab

 

 

 

 

Dealers may choose to "floor plan" inventory. A Floor Plan is a line of credit or loan used to purchase vehicles for inventory. The vehicles are the collateral and the loan is repaid when the vehicle is sold.

 

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To floor plan a vehicle, click on in the main Frazer Menu.

 

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Select an existing vehicle to be floor planned by highlighting the vehicle and double-clicking OR by highlighting the vehicle and clicking .

 

Click on the Floor Planning tab.

 

 

 

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Check the box next to Check if Floor Planned. A list of the Floor Plan Companies will appear.

 

 

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Double click on the selected Floor Plan Company or highlight the name of the company and click on . The terms already entered for the specified Floor Plan Company will populate the Floor Planning Tab.

 

 

 

 

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To enter the payment for each curtailment, enter the Date Paid.  The amount due will automatically be estimated and entered into the Amount Paid column, with the principal and interest/fees also calculated.  If the actual amount paid was different, simply enter that amount.  

 

 

 

 

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To change the default for how a floor plan is paid, go to >> 1 - System Options >> 8 - Accounting and select the account used to pay for the floor plan costs.

 

 

 

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