[Source: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 01.2016 | Keywords: Used Equipment, Trade-In] As we are all aware, banks (or other lenders) take a VERY dim view of customers who do not repay their loans. To increase the odds that their loan will get repaid, lenders routinely require borrowers to grant the lender the...…
[Source: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 05.2016 | Keywords: Trade-In, Collateral] For some, the answer to this question is, “tens of thousands of dollars.” This is an increasingly common situation facing dealers. An item is taken by a dealer as a trade-in from a customer on a new purchase. After the trade-in...…
