Articles for Department Profiles - Dealer Controlled Finance
Wednesday, March 17, 2010
The dealership, located in Greeley, Colo., could have easily become a casualty of the credit crisis and recession like so many other businesses. In April 2009, the bank holding the dealership’s line of credit failed and was taken over by the FDIC, freezing that line of credit.
Friday, January 22, 2010
With 15 used car stores in Michigan and Illinois and about 650 employees, RightWay Automotive Credit as it exists today is a far cry from where it began.
Thursday, December 03, 2009
Twelve years ago, Tom Strickland came out of retirement to become an independent auto dealer. For most of his life, he was an investment banker, so to learn about the business, he worked at a friend’s buy here pay here (BHPH) dealership before starting a BHPH operation in Palatka, Fla.
Monday, September 21, 2009
CarBiz CEO Carl Ritter did not set out to launch a chain of buy here pay here stores. His company began as something much different.