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  #1  
Unread 09-09-2013, 09:12 AM
acres acres is offline
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Join Date: Nov 2008
Location: USA
Posts: 13
Default GE Floorplan rules

I have been seeking, with no luck, the "rules" i.e. contract by which GE Floorplan operates. My floorcheckers tell me I am not allowed to see it. I believe I have a legal right to see it. I have many questions for them regarding SOTs, municipal contracts and when they are due. What specifically a floorchecker is allowed to do, and what are my rights. I receive different answers from different people at GE every time I inquire. I was told municipal contracts can have 30 days, but am then chased by GE CSR to pay for them immediately. My biggest municipal contract does not pay a day before 60 days. So, have any of you actually seen the GE contract? I am ready to go up the line to get an answer, as my CSR does not seem to know much.
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  #2  
Unread 09-09-2013, 05:52 PM
johnp900 johnp900 is offline
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Join Date: Dec 2006
Location: East Texas
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The information should be in the contract that you read thoroughly before signing.
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  #3  
Unread 09-09-2013, 07:55 PM
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backpack backpack is offline
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Join Date: Dec 2006
Location: north jersey
Posts: 61
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You wiil get ten days on a Sheffield deal when you show a copy of the contract. Talk to your rep at ge and send a copy of the po. But if you have less than the 60 days of free floor plan on the unit you will have to pay the unit off or pay interest.
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  #4  
Unread 09-10-2013, 08:05 AM
Spike60 Spike60 is offline
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Join Date: Oct 2009
Location: Ulster County, NY
Posts: 119
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I really don't think there is any provision for municipal sales that may take 60-90 days. If it's gone, ya gotta pay. I know a dealer who lost GE several years ago because he sold 3-4 Toro Z-masters to a 90 day entity of some kind.

I never sell more than one or two units at a time to a town, and I can cover that if I get a floorcheck. If anyone, municipal or otherwise, ever wanted a half dozen units, payment would have to be arranged for delivery. And such arrangments would be written in the bid. Not really something that I need to worry about since those large "fleet" purchases just don't happen in this market.
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  #5  
Unread 09-12-2013, 10:08 PM
Dave Dave is offline
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Join Date: Jul 2011
Location: RI
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I was and am under the impression , that its pay as sold . I just put in a bid for three machines, and this will be def 30-60 days before payment , my check book will not like writing a check to GE for almost 25 k. If there are any other options, I would love to here them
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  #6  
Unread 09-13-2013, 08:49 AM
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MowerGIRL MowerGIRL is offline
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Join Date: Jul 2008
Location: West Monroe Louisiana
Posts: 913
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I feel really lucky. Our municipalities pay us as soon as the units are delivered and accepted. We have a check with 7 days. Only one time have I had to call for my money, because it was close to 21 days. The check was in the mail that day. We make it very clear, up front, mowers are paid within 10 days. The money is there, we have a purchase order, why should it take any longer? 30-60 even 90, no way! They are either sitting on their money or just didn't have it in the first place.
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  #7  
Unread 09-13-2013, 12:27 PM
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rwaters rwaters is offline
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Join Date: Feb 2010
Location: Southern, IL
Posts: 516
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Quote:
Originally Posted by Dave View Post
I was and am under the impression , that its pay as sold . I just put in a bid for three machines, and this will be def 30-60 days before payment , my check book will not like writing a check to GE for almost 25 k. If there are any other options, I would love to here them
We sold mowers to a company that was 6 months till they paid and would only pay then if we gave them a discount. I have learned my lesson I only deliver a mower when it is paid for with major companies.
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