Did you know? Valley Auburn RV owns ALL our inventory 100%!

A little tidbit from around the RV World!  Think what this does to all those dealers that have to take out loans from banks to order more inventory!  Just another reason why Valley Auburn RV is the best dealership to work with in the Northwest.
Textron case shows precisely why people despise banks

By Greg Gerber on Friday, January 07, 2011

As if RV dealers needed another reason to despise banks and financial institutions, the 11th Circuit of Appeals in Atlanta provided even more fuel this week to feed their hatred.

On Jan. 6, the court upheld a lower court ruling that allowed Textron Financial to charge interest on floorplan financing loans from the moment the RV manufacturer submits an invoice -- despite the fact that the bank had not yet paid one dime to the manufacturer. The court ruled that because the coalition of RV dealers objecting to the stupid practice didn't do so within 10 days of the invoice date, they automatically "approved" the deal.

Forget about the fact that the bank's action is void of all common sense and fairness, but because the dealers didn't object quickly enough, the court thinks the bank is entitled to collect interest on money it never lent to anyone. Only in America.

Happy Trails,