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Utah man Michael Lee Murray crashed his car into the storefront of a Tim Dahle Mazda Southtowne car dealership after he was allegedly denied a refund when he discovered his car had mechanical issues.
A man in Utah reportedly crashed his used Subaru Outback into the dealer showroom where he purchased it after they refused to let him return the car. Disgruntled Subaru Buyer Refused Refund ...
A car dealer orders vehicles from the manufacturer for inventory and pays interest (called flooring or floor planning). Dealer holdbacks are a system of payments made by manufacturers to their dealers. [5] The holdback payments assist the dealer's ability to stock their inventory of vehicles and improve the profitability of dealers.
The advantage to the dealership of having an RFC finance was decreased risk on the sale and finance of the vehicles sold. Since both the RFC and the dealership had the same ownership, the owners could benefit from the profit on the sale of the vehicle and the profit on the loan for the vehicle. Historically, the down payment required on a BHPH ...
With used car dealers, specialty finance companies cater to their industry. Rather than offering loans for each individual vehicle purchase, most floor planning companies supply dealers with a revolving line of credit [ 5 ] that they can use to acquire inventory, such as through automobile auctions .
More than one million delivery drivers collectively paid more than $10 million in fees after Walmart and Branch Messenger illegally opened costly deposit accounts in their names without consent ...
In connection with an investigation into the SEC's role in the collapse of Bear Stearns, in late September, 2008, the SEC's Division of Trading and Markets responded to an early formulation of this position by maintaining (1) it confuses leverage at the Bear Stearns holding company, which was never regulated by the net capital rule, with leverage at the broker-dealer subsidiaries covered by ...
U.S. consumers who were “tricked” into purchases they didn't want from Fortnite maker Epic Games are now starting to receive refund checks, the Federal Trade Commission said this week. Back in ...