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Old 08-17-2003, 07:01 PM
olredalert olredalert is online now
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Default Re: Reedmen Chevrolet in Langhorne PA

------Most dealerships floorplan thier cars with a lending entity.Most GM dealerships use GMAC,but they dont have to.A different division than the one you and I might use.If Reedman has deep enough pockets to finance themselves they will eke out a little bit more profit.This is generally the sign of a very financially solid dealer.
------Conversely(at least in my day)a dealer owned his used inventory outright.If a dealership had to floorplan the used and new inventory it was considered to be on shaky ground!Dont know that has changed over the years.Dont think so.............Bill S
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