What is a car floor plan actually costing you per unit? Daily interest + origination and monthly fees, plus a cost-by-days-held table. Plug in each provider's quote to compare them.
Floor plan interest accrues every day on the amount the lender advanced for the car:
daily interest = amount floored × APR ÷ 365
total interest = daily interest × days on the floor plan
Example: a $12,000 car at 7% APR costs $12,000 × 7% ÷ 365 ≈ $2.30 a day, so 45 days on the lot is $2.30 × 45 ≈ $104 in interest. Add the lender's fees (origination, monthly per-unit, curtailment or extension) for the true cost per car. Some agreements count a 360-day year or charge a flat daily fee, so check yours, then plug your numbers in below.
DealerVLO isn't a lender and doesn't calculate floor plan interest for you. It shows days in inventory on every car, so you can see which units are running up interest, and lets you record floor plan as a recurring overhead category in profit and loss.
None of these providers posts a standard rate. Yours is quoted on your credit, time in business, and volume, so get it in writing with the full fee schedule and run it through the calculator above.
| Provider | What its own site says |
|---|---|
| NextGear Capital (Cox Automotive) | No standard rates posted. Flex Pricing defers interest, advance-related fees, and principal paydowns until a car is due for payoff or extended. |
| AFC (Automotive Finance Corp) | 30-, 45- or 60-day terms (most AFC dealers pick about 60). A "Daily Tab" option charges a flat fee per day that includes interest. |
| Westlake Flooring Services | Terms up to 200 days and 100% of the auction purchase financed. A limited 0% promotion for up to the first 6 months. |
How to compare them on fees, terms and where you buy: NextGear vs. AFC vs. Westlake.
Every car on your lot has a floor plan clock ticking. DealerVLO tracks days in inventory from the moment you add a vehicle, flags units past 60 days for repricing, and rolls each car's recon and other logged costs into its all-in cost and margin. Record floor plan as recurring overhead and profit and loss shows it against your gross.
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origination + (vehicle cost × annual rate × days held ÷ 365) + monthly fees. On a $15,000 car at 8% APR held 60 days with $75 origination + $20/month, that works out to about $312, or 2.1% of the vehicle. Every extra 30 days adds another ~$100 of interest on a typical unit.Auction buying, recon, pricing for turn, marketing a small lot — a short email when a new operator guide ships. No spam, unsubscribe anytime.