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  2. California Dealers Seek to Torpedo Scout Motors' Direct ... - AOL

    www.aol.com/finance/california-dealers-seek...

    The California New Car Dealers Association believes VW Group's involvement with Scout Motors legally restricts direct-sale practices in the state following a 2023 amendment.

  3. Buy here, pay here - Wikipedia

    en.wikipedia.org/wiki/Buy_here,_pay_here

    In the used car market in the United States and Canada, buy here, pay here, often abbreviated as BHPH, refers to a method of running an automobile dealership in which dealers themselves extend credit to purchasers of automobiles. [1] Typically, purchasers of cars at BHPH dealerships have poor credit history, and loans have high interest rates. [1]

  4. Retail floorplan - Wikipedia

    en.wikipedia.org/wiki/Retail_floorplan

    Retail floor planning (also referred to as floorplanning or inventory financing) is a type of short term loan used by retailers to purchase high-cost inventory such as automobiles. These loans are often secured by the inventory purchased as collateral. [1] Floor planning is commonly used in new and used car dealerships. [2]

  5. Car dealerships in the United States - Wikipedia

    en.wikipedia.org/wiki/Car_dealerships_in_the...

    A car dealership can either be a franchised dealership selling new and used cars, or a used car dealership, selling only used cars. In most cases, dealerships provide car maintenance and repair services as well as trade-in, leasing, and financing options for customers. Used car dealers can carry cars from various different manufacturers, while ...

  6. Here’s how American car dealers use the '4-square method’ to ...

    www.aol.com/finance/american-car-dealers-4...

    Here’s how American car dealers use the '4-square method’ to make big profits off you — and how you can make sure you're paying a fair price for all your vehicle costs Moneywise December 5 ...

  7. Credit Acceptance - Wikipedia

    en.wikipedia.org/wiki/Credit_Acceptance

    The company operates two programs: the "Portfolio Program" and the "Purchase Program". Through these programs, the company can advance money to automobile dealers in exchange for the right to service the underlying consumer loans and can buy the consumer loans from automobile dealers. Credit Acceptance reported annual revenue of $1.49B for 2019.

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