Sunday, June 9, 2019

Lenders tightened reins after Great Recession

Lenders tightened reins after Great Recession http://bit.ly/2R0B8IC

After the Great Recession, many floor plan lenders tightened dealers' loan agreements, which has helped detect early signs of trouble but also raises the bar for dealers. Several prominent auto lenders have sued dealers over the last 18 months for selling vehicles out of trust.

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