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Sellers Car Dealerships

Fox Rothschild LLP

Sticker Shock at Closing Tables for Dealership Sellers

Fox Rothschild LLP on

Selling an auto dealership in New Jersey just got more expensive — and more complicated. As of July 10, 2025, changes to New Jersey’s so-called “Mansion Tax” have shifted the burden of this transfer tax onto the seller. A...more

McDermott Will & Schulte

Weekly IRS Roundup March 11 – March 15, 2024

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 11, 2024 – March 15, 2024. ...more

Fox Rothschild LLP

Avoiding the ‘Highest and Worst’ Deal

Fox Rothschild LLP on

The term “Highest and Best” deal has been well-known in the bankruptcy field for many years. In a bankruptcy auction of a business or real property, the judges, trustees and creditors recognize that the better deal is not...more

ArentFox Schiff

Podcast: Buy-Sell Market - Factors to Consider in Transactions of Automotive Dealerships

ArentFox Schiff on

In today’s podcast episode, Aaron Jacoby speaks with Breanne Eagles and Kim Linebarger from Moss Adams to discuss the current state of the buy-sell market for automotive dealerships and factors to consider when going to...more

Hudson Cook, LLP

Be Careful with Sales Made at a Customer's Home

Hudson Cook, LLP on

Let's say you want to drive the vehicle a customer is interested in buying to that person's home, let the customer see and test-drive the car, negotiate the price of the car, present and offer F&I products, and then have the...more

Jaburg Wilk

Auto Dealership Liability for Accidents Occurring During Test Drives: How to Protect Your Dealership

Jaburg Wilk on

Prospective car buyers are no different than the drivers we encounter daily on the road: some are skilled, some are not so skilled. Add to that the prospective buyer’s unfamiliarity with the vehicle they are test-driving,...more

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