08-18-2009, 12:20 PM
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#10 (permalink)
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A True Z Fanatic
Join Date: May 2009
Location: St. Louis
Posts: 14,275
Drives: Pure Sex
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Quote:
Originally Posted by tbonesteak
What do you mean you've been paid on 10? What happened to the 390 that you haven't been paid on? Why would you not get paid on some of them? Can you explain how this works from a dealer's perspective? Thanks!
Tim
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We have 390 unpaid deals that have been submitted to the government. 10 of the 400 we have been paid on from the government. We are about to not accept anymore CARS deals. The government is taking too long, and it is tied up $1,000,000.00 in CASH! Good thing we have great cash flow and money in the bank, but I feel for smaller dealers. This has been the most successful catastrophe in the Automotive Industry.
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