Quote:
Originally Posted by taco.vidal
Unless people put down cash. I dont know how RV sales work but car dealers will only take a small amount of payment via credit card to avoid fees. I could see any significant deposits being cash. Dont you work in car sales and worked in RV sales? How big are deposits usually and how much will dealers take via credit card?
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I work in auto sales, and we encourage people to make deposits on CC. You would be insane not to for this exact reason.
However, I see where the problem is probably lying here. They were offering free winter storage, so this guy put money down, completed the loan, and owns the trailer. He is storing it on their lot, and now the trustee is keeping it. My guess is, the inventory hasn't been paid for by the dealer, and is on their operating line of credit (called a floorplan in the car industry) thus the trustee is seizing it. That would be my best guess, as I do not know those facts for certain.
However, I have heard a lot about this from some people in the industry, and it's ugly. Unfortunately I can't elaborate on any of it, but I feel for anyone that got burned.