Dealership Floor Plan Defense

• Review the floor plan contract with the client.
• Explain in layman’s terms what the contract says and each party’s responsibilities.
• Elaborate on common pitfalls and situations to be aware of on the part of the dealership as you establish auto dealer floor plan financing.

• Renegotiating different terms of the floor plan.
• Adding and removing people as guarantors.
• Adding and removing people from business filings.
• Renegotiating terms when the floor plan is up for renewal.
• Negotiating interest rate floors and payment frequency.
• Working with auction insurance agencies to allow dealerships access to auctions.

Address threats to the floor plan, such as the following:

• A problem with an electronic fund transfer made on the part of the lender or the dealership.
• A bad audit, at the fault of either the lender or the client.
• Sorting out and settling any other issues in lieu of litigation.

In Indiana, floor plan lenders write into the contract that if a dealership defaults on the floor plan, the lender can sue them. A dealer, however, cannot sue. A dealer can only react with arbitration. We defend our clients in court against lawsuits with our dealership legal defense services, including addressing complaints, filing answers, and working through the court process. Lawyers from other states will most likely not be able to represent you in Indiana. We can.