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Most car dealerships do not pay cash for the vehicles they buy at auto auctions. [23] They rely on inventory financing, a line of credit extended by a bank or other institution to acquire vehicles. [24] This is known in industry parlance as floorplanning (floor planning) or simply "flooring" vehicle inventory. [25]
The bank, which is based in Cincinnati, Ohio, operates branches in 12 states, primarily in the Midwest and Southeast. For its illegal auto insurance activities, the bank must pay $5 million in ...
With more baby boomers retiring in large numbers, many classic car owners are cashing in on their collections for extra income. However, as newer car models become classics, the market for vintage...
Sanchez, 836 S.W.2d 151, where a repossession agent towed away a car even after the loanee locked herself in it, the court decided that this was an unlawful breach of the peace and declared the repossession invalid. The debtor was also awarded $1,200,000 in damages from the bank involved.
Texas Car Wars is an American reality documentary television series on the Discovery Channel. The series debuted on September 9, 2012 and follows four auto body shops who participate in bidding wars in order to find the most valuable junk cars and refurbish them into jackpots.
Learn about long-term car loans, their pros and cons, and whether an 84-month car loan is worth it based on your financial situation and car-buying needs.
Copart, Inc. is a global provider of online vehicle auction and remarketing services to automotive resellers such as insurance, rental car, fleet and finance companies in 11 countries; the US, Canada, the UK, Germany, Ireland, Brazil, Spain, UAE, Bahrain, Oman and Finland.
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