Nissan dealership fined $2.8M for loan defaults | Auto Finance News | Auto Finance News

Nissan dealership fined $2.8M for loan defaults

The Nissan Motor Co. logo is seen on the grille of a Sylphy vehicle displayed outside the company's headquarters in Yokoyama, Japan, on Tuesday, Feb. 12, 2019. Photographer: Kiyoshi Ota/Bloomberg

A federal judge has allowed Nissan Motor Acceptance Corp. to repossess 90 vehicles valued at $2.8 million from a dealership the captive sued for defaulting on loans and selling vehicles out of trust.  Helena, Mont.-based Robert Allen Nissan received loans from NMAC to purchase new and used vehicles for its inventory. Under the terms of […]

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