For car dealers, tight credit is fueling a ‘catastrophe’

Paul Lauttamus, who owns a security and communications company in West Virginia, delayed plans to buy new SUVs so he’ll be able to borrow to buy troubled companies and grow.

“We didn’t want to tie up future access to credit,” he says.

Other businesses are having trouble getting good interest rates, or getting approved for credit at all.

That includes dealers.

Published in: on October 21, 2008 at 1:52 am  Leave a Comment  

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