Car Dealer Lawyer

When times get tough, finance companies look closely at their dealer agreements and assignment clauses to see if the dealers can participate in the bad loans they made.  At least that was my experience.  When times were good, you never heard from the banks.  They took their repossessions and chargebacks as a matter of course.  But if one of them went bankrupt, or was acquired, guess who got a call? That’s right - the dealer.  And every aspect of the deal was “flyspecked.”   Well times are tough now, and I am wondering if any of you are hearing more about chargebacks.