Floorplan Interest Cost and Holdback
This lesson is part of the course
In this lesson
You calculate the floorplan interest on ten new cars Fernhill Motors sold this month, compare it with the manufacturer holdback and find the day count at which a car eats its holdback.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- Front-end Gross per New and Used Unit Locked
- F&I Back-end: Penetration, Products per Unit and PVR Locked
- Total Gross per Unit and the New/Used Mix Locked
- Used-car Inventory Ageing, Days Supply and Turn Locked
- Floorplan Interest Cost and Holdback Locked
- Trade-in Appraisal: Working Back from the Retail Price Locked
- Service & Parts Gross and the Fixed-operations Absorption Rate Locked
- Dealership P&L and Break-even Units Locked