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Understanding Vehicle Financing
used model from a dealership, you might consider financing or leasing your next vehicle. You have two financing options: direct lending or dealership financing. In direct lending, you get a loan directly from a bank, finance company, or credit union. You agree to pay, over a period of time, the amount financed, plus a finance charge.
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[PDF File]Chapter 5. Used Vehicle Sales - NIADA
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Chapter 5. Used Vehicle Sales Dealership Accounting Training Manual ... NIADA dealers sub-divide these car and truck sales into different types of car and truck sales. Therefore, the purpose of this chapter is to help students ... For those dealers with Buy Here-Pay Here operations, and affiliated finance companies, these steps may not all be ...
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[PDF File]Lender Directory Listing
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BARNETT Finance is the Southeast's leading subprime lender servicing both new- and used-car dealers. We originate, purchase and service retail automotive installment contracts. We guarantee increased profits to your dealership's bottom line with simple and effective tiered finance options covering the entire spectrum of credit challenged customers.
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[PDF File]Buying a Used Car - Consumer Information
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Buying a Used Car. Contents ... Dealers and other finance sources (like finance companies, credit unions, and banks) offer a variety of financing terms. Shop around, compare offers, and negotiate the best deal you can. If you’re a first-time buyer — or if your credit isn’t great — be cautious about
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[PDF File]Dealer Floor Plan Financing - NIADA
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Dealer Floor Plan Financing Frequently Asked Questions For Borrowers and Lenders What is floor plan financing? Floor plan financing is a revolving line of credit that allows the borrower to obtain financing for retail goods. These loans are made against a specific piece …
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[PDF File]CONSUMER RIGHTS WHEN YOU BUY A USED VEHICLE
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Buying a used car often represents the best value for your money but sometimes can be a gamble. ... For the purposes of the Used Car Information Act, “dealer” includes used car dealers and finance companies and banks selling repossessed cars at retail sales. 10 M.R.S.A. § 1471(2). This law only applies to
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Best used car finance companies