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Were any of you participating with LaneLogic five years ago? When they shut the doors, there were many dealers that never got money that was owed to them, they were left with titles and no cars, or cars with no titles (and we are speaking from experience here).If you weren't familiar with it, here are the basics:Lanelogic formed a network of dealers that bought and sold each other's used vehicles. If a dealer failed to sell a used vehicle bought through lanelogic within 45 days, lanelogic promised to buy it back. Then they would move that vehicle to another dealer.An important part in any relationship, especially a vendor, is trust. For us, this was broken and cost us pretty big.Did anyone else use LaneLogic and get burned?
Were any of you participating with LaneLogic five years ago? When they shut the doors, there were many dealers that never got money that was owed to them, they were left with titles and no cars, or cars with no titles (and we are speaking from experience here).
If you weren't familiar with it, here are the basics:
Lanelogic formed a network of dealers that bought and sold each other's used vehicles. If a dealer failed to sell a used vehicle bought through lanelogic within 45 days, lanelogic promised to buy it back. Then they would move that vehicle to another dealer.
An important part in any relationship, especially a vendor, is trust. For us, this was broken and cost us pretty big.
Did anyone else use LaneLogic and get burned?
