Floorplan Xpress Reviews

2.5

35% would recommend to a friend

(87 total reviews)
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Craig Owen

59% approve of CEO

37% positive business outlook

Floorplan Xpress has an employee rating of 2.5 out of 5 stars, based on 87 company reviews on Glassdoor which indicates that most employees have an average working experience there. The Floorplan Xpress employee rating is 33% below average for employers within the Finance industry (3.7 stars).

Reviews by job title

87 reviews
1.0
13 Nov 2015

Credit Manager

Recommend
CEO approval
Business outlook

Pros

You are Supposed to get off at 3 on Fridays but rarely does that happen. No other pros to speak of. Very Toxic Culture. Don't work here if your looking for a transparent above the desk communication based environment. That doesn't exist at FX. No 401k.

Cons

Culture is extremely toxic. Executives and compliance are constantly in search of moles within the field branch staff. They always are trying to make Credit Managers and CSR's feel like they have to create drama vs. their direct GM/manager. Executives team doesn't have the calm personality traits to lead this company for the long term. He makes many knee jerk decisions based off of some latest report or some drama the compliance department is creating against a GM that is trying to do the right thing. He doesn't create a cohesive atmosphere between the corporate office to compliance department to the local branch staff. This company constantly makes head scratch decisions in regards to possible accounts that are in trouble. I've seen the company lose hundreds of thousands of dollars with poor loss mitigation tactics.

1.0
22 Apr 2022
Recommend
CEO approval
Business outlook

Pros

- free company car (with mechanical issues)

Cons

- micromanagement style place tracks your every move - free company car but has transmission issues - the company promotes overworking the employees beyond their job descriptions - sets branches up to fail with unrealistic goals and expectations - claim they support their dealers when they really just want to fee them to death and then turn them off

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Floorplan Xpress Response
4y
Thank you for submitting feedback, we would love more details on the items you were unhappy with during your time working at Floorplan Xpress. We have a Director of Human Resources and we would love for you to reach out to her to express your concerns. Floorplan Xpress would like to know of any issues so that we can work to improve for our bright future.
1.0
14 Dec 2021

Terrible upper managment

Recommend
CEO approval
Business outlook

Pros

Ability to travel and build great relationships with dealers and auction partners.

Cons

You never get a bonus. The bottom line from which you are paid is always fluctuating. Corporate expenses always were higher than expected and no breakdown was ever given. Absolutely no transparency. A certain department would fly in, ride around in luxury SUV's, and eat lavish meals while we were told that we could not buy soda or snacks for the office.

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Floorplan Xpress Response
4y
Thank you for your review. There is an excellent opportunity for people who are driven, self-motivated and business savvy to effectively manage their own branch office. We offer generous and competitive salaries and some of the best benefits in the industry; including a matching 401k. In addition, General Managers are paid a bonus on the bottom line profits of their branch, which they manage. If there are little or no bottom line profits then obviously little or no bonus is available. P&L's are given monthly with a complete breakdown of revenue and itemized expenses which the branch incurred. Corporate expenses are the at the lowest levels in recent years due to offsetting income being generated at the corporate level. A successful branch is a result of strong sales and marketing... growth. Once a branch is successful in marketing then expenses fall in line.
Viewing 1 - 3 of 87 Reviews

Glassdoor has 88 Floorplan Xpress reviews submitted anonymously by Floorplan Xpress employees. Read employee reviews and ratings on Glassdoor to decide if Floorplan Xpress is right for you.