|
Automotive Discussions Car People talking about the Car Business – This is the place where it happens |
|
Thread Tools | Display Modes |
05-24-2017, 09:09 AM | #1 |
Supporting Sponsor
Join Date: Sep 2010
Posts: 42
|
OT Dealer gets $256M Judgment against Lender
The dealer was OT 30-40 vehicles when NMAC shut him down. The dealer claimed that NMAC had previously acknowledged the OT, told him dealers everywhere were facing similar situations and allegedly assured him that it would continue working with him despite the delinquent loans. Then NMAC, who was had about $40 million in outstanding loans to the dealer, shut him down.
See: http://www.autonews.com/article/2017...n-finance-unit |
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
What's your Favorite Bank/Lender? | XDCX | Automotive Discussions | 26 | 02-11-2013 10:59 AM |
Will the Chrysler Dealers get a new Captive Lender? | XDCX | Finance | 19 | 11-15-2012 06:11 AM |
Dealership awarded $1.5 Million judgment in libel case | XDCX | Automotive Discussions | 0 | 09-18-2012 02:11 PM |
Chrysler Financial may continue as Stand-Alone lender | XDCX | Finance | 0 | 05-19-2009 04:55 PM |
How's GMAC as a Captive Lender? | XDCX | Finance | 1 | 05-01-2009 03:08 PM |