06-16-2010, 10:56 AM | #1 |
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Dealer rejected by GMAC finds flooring with BB&T Bank
News reports indicate that M&L Motors of Lexington S.C. has found a flooring source to replace Chrysler Financial - the dealership had been rejected by GMAC. Here's a link to the full report - click here
The Dealer Principal indicates that BB&T Bank has issued the dealership a floorline which has allowed them to order new vehicles from Chrysler. I think it's great news to hear there are banks that are once again getting back into the wholesale financing business. Maybe the credit markets are starting to thaw after the deep freeze of the past 18 months? |
06-16-2010, 02:02 PM | #2 |
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Their in Lexington NC. We used to trade a lot with M&L. These are good guys,110%. Glad to see them back.
BB&T is one of the few banks left where a good relationship & character counts. |
06-16-2010, 02:17 PM | #3 | |
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Quote:
From the looks of their Google Earth Street View picture use to stock a lot full of vehicles. That sucks good dealerships got stuck in the middle of the CFC and GMAC divorce. Its great to hear good news about your local dealership. |
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06-17-2010, 09:03 AM | #4 | ||
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Oops.... Thanks for catching my mistake.
Quote:
Quote:
It's also good to know there are banks willing to extend floorlines again. I know there are still four of five Chrysler stores in California that don't have a flooring source and Chrysler has done NOTHING to help them. |
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