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jdixxon
09-07-2001, 05:32 AM
We are a construction equipment dealer and receive new equipment from manufacturers on a floor-plan. The equipment is shipped to us with nothing due for 180 days. After 180 days interest only is due monthly. When we sell a piece of this equipment payment is due immediately for that unit. The manufacturer has its own finance company so they can provide financing to the end user. If this equipment is sold and financed by the manufacturer then our obligation is paid off with the contract sign by the end user. Any ideas how to handle this?

Thanks