Using your local bank for Floor Plan Financing may not be all roses and butterflies. Your local bank may require you to pledge other assets in order to get dealer financing. What does that mean? Simple. You could lose your house if you default on [...]
Feeling stuck with a big, nasty, abusive Floor Plan provider? Think there's no better option? Think again! Your best option for financing may be your local bank. In this video, we explain [...]
In our last video, we discussed what a Security Interest is. Now let's talk about what it means for you. When you give a Security Interest to your Floor Plan provider, it likely extends beyond the cars on your lot. Depending on your arrangement, [...]
Did you know that there is an entire area of law focused solely on something called Security Interests? Most people don't and I can't blame them. It is dry and extremely complicated. Watch this two-minute video to get the basic gist of what [...]
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 [...]
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 [...]
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 [...]
What is all that financial information at the bottom of every credit and/or loan contract? That is the Truth in Lending Act at play. In this article, you'll learn what the Truth in Lending Act is, how it regulates car dealers, and what to look out [...]
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 [...]
In the state of Georgia, as in the rest of the United States, the Fair Debt Collection Practices Act (FDCPA) serves as a crucial safeguard for both consumers and creditors. Because used car dealers sometimes collect payments from their customers [...]
