I am a EX-Farmtrac dealer, when farmtrac began to get in trouble, we saw most of the things Montana dealers are experiencing now. Tractor swaping, dealer loading and increases in credit limits without dealer knowledge and units billed before delivery. We have since uncovered evidence of a scheme by Farmtrac and Textron to shift farmtrac's debt to Textron to the dealers. it is an issue that will be decided it lawsuits now underway in Rhode Island.At the time it was happening, FT dealers failed to recoganize it as it really was because, no one had witnessed this type of failure on the part of any tractor distributership in the USA. and of course, we were as proud of our brand as any other dealer is proud of theirs.
I was asked to sign with LS but, have steadfastly refused because, they insist on GE floorplanning and with GE, I would be required to give up all my rights under the law. I had several attorneys read the GE financing agreement, each told me the same thing,DON'T SIGN THIS THING!!!
So I'm back where I started 25 years ago except that we now own our facilities, have good employees and are once again making and keeping our profit and best of all, we are once again our own boss.Lo and Behold! turns out we didn't need them after all.Its Great to be an AMERICAN and not to have an overseas boss telling us what we must do for them.
If I fail, I want it to be because I didn't do what I should have and not because someone in another country or a crooked finance company in this one screwed me.:thumbsup:
Taxpayer