Frequently Asked Questions
Applicants should meet the following criteria:
- Licensed dealer in good standing
- Company checking account
- Driver’s license or any government issued photo identification card
- Proof of insurance coverage
- References and credit history, both personal and business, are reviewed
Factors considered in the underwriting process will include, but not be limited to, business and personal credit scores, the number of years in business, dealership assets as well as debts, and references.
Kit cars, heavy-duty trucks, salvage (branded titles), boats, motorcycles, RVs, and trailers are not included in the floorplan agreement.
XLF will determine on an individual dealer basis whether or not and under what terms XLF will floorplan units purchased outside the lanes.