Commercial Practice: Severson & Werson’s Financial Services Practice Group has vast experience in preparing, advising, and modifying the foundational loan agreements used by lenders in the auto dealership finance industry. Our expertise extends to floor plan financing, capital loan financing, revolving credit lines, real estate dealership premises financing, guarantees, cross-collateralization, and cross-default agreements.
When a dealer finance relationship becomes troubled, what is needed is both urgent attention and a steady hand. There is no substitute for Severson & Werson’s combination of expertise, experience, and well-earned confidence. For some fifty years we have served as the industry’s leading advocates enforcing and upholding commercial auto finance arrangements in courtrooms all over the U.S.
Consumer Practice: Likewise, Severson & Werson has unparalleled experience representing auto finance firms in litigation arising from installment sales contracts, vehicle leases and state and federal schemes regarding secured vehicle finance. We have successfully litigated and tried thousands of cases involving manufacturer defect and warranty matters, loan and lease origination and servicing claims, and our attorneys have handled a variety of national class action matters related to consumer auto financing including state required notices in repossession and sale of vehicle collateral, force-placed insurance, interest rate spread, forms of installment sales contracts, credit reporting, debt collection, and vehicle leases. We also routinely provide our financial institution clients advice and counsel regarding compliance issues related to consumer auto finance.