And its financing terms are extremely liberal, at times zero percent loans with nothing down and no payments for a year.
Mr. Uno said buyers should know exactly what they want to do when the financing term ends.
Management were said to be able to get funding, but were not satisfied with the financing terms to go ahead with the offer.
But today he can attract the highest-quality lenders and get the most attractive financing terms.
Would have required written disclosure of interest rates and other financing terms to a potential buyer of a car.
The financing terms themselves indicate it has not found enthusiastic backers willing to bet on its success.
No financing terms were discussed in the letter, Desoto said.
The financing terms are normally more advantageous than private markets offer.
The lender has to approve this use of funds, and they build covenants into the financing terms.
The two parties to the transaction are simply shifting to an equivalent position on more favorable financing terms.