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  • Retail floorplan

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    Retail floor planning (also referred to as floorplanning or inventory financing) is a type of short term loan used by retailers to purchase high-cost inventory such as automobiles. These loans are often secured by the inventory purchased as collateral. Floor planning is commonly used in new and used car dealerships. Contrary to common perceptions, most car dealers do not pay cash for the vehicles on their lot. Even smaller dealerships can have an inventory of vehicles representing millions of dollars of capital investment. Most car dealerships use a floorplan facility to finance their inventory and factor the cost of the facility into the price presented to the consumer. The practice of using floorplan loans to finance inventory creates an incentive for the dealers sell vehicles as quickly as possible in order to reduce the amount of interest that will accrue on the floored vehicle. Floor planning costs can run into hundreds of thousands of dollars a month for a big multi-location dealer with large inventories. In the case of new vehicles, they are generally floor planned by the manufacturer, such as Ally Financial (formerly GMAC).

  • Tesla US dealership disputes

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    Tesla, Inc. has faced dealership disputes in several U.S. states as a result of local laws. In the United States, direct manufacturer auto sales are prohibited in many states by franchise laws requiring that new cars be sold only by independent dealers. The electric car manufacturer Tesla maintains that in order to properly explain to their customers the advantages their cars have over traditional vehicles with an internal combustion engine, they cannot rely on third party dealerships to handle their sales.

  • Hippie

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    Young people near the Woodstock festival in August 1969 A hippie (sometimes spelled hippy) is a member of the counterculture of the 1960s, originally a youth movement that began in the United States during the mid-1960s and spread to other countries around the world. The word hippie came from hipster and used to describe beatniks who moved into New York City's Greenwich Village and San Francisco's Haight-Ashbury district. The term hippie first found popularity in San Francisco with Herb Caen, who was a journalist for the San Francisco Chronicle. The origins of the terms hip and hep are uncertain. By the 1940s, both had become part of African American jive slang and meant "sophisticated; currently fashionable; fully up-to-date". The Beats adopted the term hip, and early hippies inherited the language and countercultural values of the Beat Generation. Hippies created their own communities, listened to psychedelic music, embraced the sexual revolution, and many used drugs such as marijuana, LSD, and psilocybin mushrooms to explore altered states of consciousness.

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