Many dealers, including car dealerships, have loans on their inventory (called a floor plan) and once they get paid by, in your case, BOA, they can be slow in paying off their own loan on your trailer. That holds up your paperwork. The longer they keep BOA’s money without paying off the loan to the ‘floor plan’ the better for their monthly bottom line. That said, using BOA’s money for their monthly expenditures instead of paying off their loan on your trailer means they have to sell another trailer to get your paperwork moving. I’ve seen car dealers that were months behind and in a huge hole with their floorplans. They usually get away with this by using a factory year end bonus or quarterly factory volume sales bonus to catch up. That’s what it sounds like that dealer is doing. The squeaky wheel can get the grease in that scenario as they don’t want it getting out that they are floating their bank’s money.
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