wsdmskr825 asked:


I have some money put away in a CD and would like to take a small loan ($1,000) against it from the same bank. Can I negotiate the financing rate with them the same way I could with a car dealer?

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Jeramy asked:


I have always been curious as to how floor plan financing works for pre-owned vehicle dealerships. If a car dealer has $1M in inventory on their lot, what cash or net worth must they have available as down payment and what do they pay monthly to keep the vehicles on the lot?

Any information will be helpful. Thanks in advance.

Don

Ayanna asked:


My son purchased a used car and the dealer indciated they would obtain financing. They could’t then wanted him to make the payment they quoted to reduce the amount to be financed, saying this would enable them to get the financing. He opted to return the car for the deposit. We sent a letter stating all the terms and facts with the sell and explained that the car would be returned and requested refund of downpayment. An appointment was made to return auto but owner wasn’t there and several calls with no response. What repurcussions are we looking at? Are there any suggestions in resolving this?

Rosa