The challenges facing automotive dealers looking to begin or expand their business are significant. Bush Ross attorneys have experience in navigating the regulations affecting new and existing automotive dealerships, negotiating and acquiring space for the dealerships, purchasing and selling dealerships assets, and negotiating and documenting floor plan financing.
Bush Ross attorneys also represent secured lenders in connection with both floor plan financing for auto dealerships and the real estate loans that often times accompany floor plan financing arrangements. We understand that in floor plan financings the lender's collateral is mobile in nature and have the experience and expertise to ensure that the borrower is taking steps to say in trust. When a dealer becomes out of trust or breaches its covenants, our attorneys have the capability to quickly get involved to assist in getting the borrower back compliance or, when necessary, to use the judicial process to have a receiver appointed to protect the lender's collateral and ensure its rights are protected.
Bush Ross has represented a major national bank in connection with the sale of a borrower's dealership out of bankruptcy. We have also represented an automotive manufacturer and franchisor in the negotiation and transfer of a dealer agreement to a purchaser of a defunct dealership's assets out of bankruptcy.
Bush Ross has also defended a broad range of product liability actions involving automotive components including chassis, tires, brakes, engines, suspension systems, and steering, primarily for truck and heavy duty chassis manufacturers. For more than 25 years, Bush Ross has defended Lemon Law claims for one of the largest US manufacturers of recreational vehicle chassis including the successful defense of one of the first Lemon Law claims involving a recreational vehicle. Bush Ross has occasionally prosecuted Lemon Law claims for firm clients who appear to have legitimate, unresolvable defects regarding their personal automobiles.