Be very careful when obtaining Floor Plan Financing. Sometimes it is a necessary evil. We can’t tell you how many times we have come across cases where the dealer has fallen behind on their payment obligations and it has caused big problems in the dealership. Watch this brief video to learn more. Below is […]
Believe it or not, the big providers are not the only financial institutions where you can get Floor Plan Financing. In this video, we discuss alternative providers and whether the terms of a Floor Plan are negotiable. Below is a transcript of the video: Before we get into some of the details of floor […]
In our next video in the Car Law Authority, we talk about Floor Plan Financing. If you have ever wondered what it is and how to get it, this video is for you. Check it out below. Below is a transcript of the video: Next in the Georgia Car Law Authority program, we’re going […]
The Final Act – Truth in Lending Dealership Owner: What is the Truth in Lending Act? Steven keeps talking about it but I don’t understand. General Manager: I think it is the reason we have to put that box on the retail installment sales contract notifying the customer of how much they’re borrowing and the […]
In this brief video, we have a high-level discussion of the Fair Credit Reporting Act. As I say in the video, the act itself could take 3 years of law school to understand, so I am sorry in advance for not going too deep into it (trust me, you would need a lot of Advil). […]
