Go Back   DealershipForum.com > Domestic Franchises and Independent Dealers > Chrysler > Finance

Notices

Reply
 
Thread Tools Display Modes
Old 06-06-2009, 10:28 AM   #1
JUNIOR
Senior Member
 
Join Date: May 2009
Posts: 108
Default GMAC termination

We just received a letter on June 5th from GMAC terminating us because Chrysler has rejected our franchise agreement. Does anyone know if that means immediately or on June 9th. I have a deal already into GMAC for funding and got approvals for 2 others yesterday (before the letter arrived). I called and couldn't get in touch with the person who would tell us that GMAC would fund those approved deals if sent in. I spoke to the analyst today and she said she was told June 9th was the cutoff and that if deals are approved, they will be honored. Does anyone know for sure? Has anyone else heard anything on this? Please help!
JUNIOR is offline   Reply With Quote
Old 06-08-2009, 09:35 AM   #2
XDCX
Administrator
 
Join Date: Nov 2007
Posts: 14,861
Default

I wanted to "bump" this thread to see if anyone had an answer or update?

I'm hoping the GMAC termination will coincide with the Chrysler termination and they'll both use the 06/09/09 date.
XDCX is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Termination to Resurection:Century CDJ Needhelp Sales 9 03-04-2011 12:14 PM
Ford termination: Fort Worth possum Automotive Discussions 5 03-22-2010 12:12 AM
Is GM sending out Termination Letters? XDCX Sales 71 05-17-2009 08:22 AM


All times are GMT -7. The time now is 01:53 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Copyright DealershipForum.com - 2008 - 2016