We had a small carlot in Orlando Fl. We had decided to close the lot and not renew our license.
We had 3 cars that were floor planned with DSC (Next Gear) and were in good standing with no curtailments due. We informed our rep. of our intentions. We had the cars at a local auction to run and to liquidate them.
We had buy figures on the cars if they didn't bring enough at the sale. They would also have paid us a little profit. DSC seized the cars at the auction and didn't allow us that opportunity. Now they say we owe them over $8000.
and the cars were floor planned at about $4000. total! And the cars were sold.
We are now banned from the auctions and it has affected our livelihood. We have never received any paperwork from DSC and we have contacted them on several occasions.