Check out this report about three dealership executives and 81 cars (worth $2.5 million) missing from Legacy Auto Sales, a dealership in Scottsbluff, Neb.
Warrants have been issued for the arrest of the dealership’s owner, controller, and general manager, who are suspected of masterminding the theft.
Already, some of the vehicles have been sold at auction, and Toyota Motor Finance is on the hook as floorplan provider.
Like thousands of dealerships nationwide, Legacy Auto Sales has been facing financial trouble. But this method of dealing with that turmoil just exacerbates the situation for everyone — lenders, auction companies, and other dealers.
Marcie, that story was great! Thanks.
BL
Oh I think that it should be disclosed. I am just not relying that the individual consumer will be able to change the dealers practices in general. It may allow that one customer to stand up and start to walk away which allows the dealer to change its mind on that one deal. Perhaps you have an idea how many people would do that versus JJ’s comment that customers do not read the disclosures. I would take it one step further and say that some are so anxious to “get the car” that they would take the deal knowing that they are being “abused” because they do not have the knowledge of how to handle the situation.