Category: floorplan lender
“Help, I’ve been sued by AFC, but I have no idea how they are coming up with saying that I owe so much money” – the role of the Forensic Accountant
We have had a lot of calls in the past few months from people who have been sued by Automotive Finance Corporation (AFC) either for breach of contract, or breach of guarantee, but the amount claimed is an order of magnitude greater than what the dealer or guarantor believes might be legitimately owed. (Note that […]
Problem getting title to a vehicle because the Dealer didn’t pay its lender?
Have you purchased a car or truck and had problems getting the dealer to release the title? Often the problem is because the dealer’s inventory lender (known as a “floorplanner”) is holding the title until the floorplanner gets paid either for this car or for a different car. There are some statutes that you ought […]