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Old 05-24-2017, 09:09 AM   #1
johnpico
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Join Date: Sep 2010
Posts: 35
Default 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
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