Payoff (Floor Plan)
The amount required to clear the balance on a vehicle financed through the dealership's floor plan lender. This payment is made when a vehicle is sold to a customer, releasing it from the dealership's line of credit.
The amount required to clear the balance on a vehicle financed through the dealership's floor plan lender. This payment is made when a vehicle is sold to a customer, releasing it from the dealership's line of credit.