Car dealers convicted in money laundering scheme

Posted on December 16th, 2010 No Comments

Two North Texas car dealers have been convicted in a money laundering scheme.

A 55-year-old man from Mckinney, Texas was convicted of conspiracy to commit money laundering and  47-year-old man from Richardson, Texas was convicted of conspiracy to commit money laundering and substantive money laundering.

The 55-year-old man was the owner and operator of a Suzuki dealership which sold new and used vehicles. He was also the director and president of  Expressway Financial Inc., which offers financial and leasing arrangements.

The 47-year-old man was the sales manager for the latter company. At the trial, prosecutors had witnesses that stated that the two men sold high-end luxury vehicles to people who derived their income from fraudulent activity such as the promotion of prostitution, distribution of a controlled substance, and wire fraud. During these transactions, the two men told the criminal customers that they would not report the transactions to authorities.

Finding a trusted dealership is very important, this is why Chapman motors is so popular. The family owned business has been in Austin for over 50 years. If you are looking for a quality used car at a great price, contact the Austin used cars dealers today by visiting one of the 11 Austin area locations.

What is the benefit of trading in your vehicle?

Posted on June 14th, 2010 No Comments

When individuals consider buying a used car, they typically have an old car to trade in or sell. In some cases, individuals will sell their old cars to third-parties.

In other cases, they will trade in their car toward the purchase of a used car. The trade-in vehicle can help reduce the price of a used car. It also may or may not be worth as much as selling the old car to a third party.

If you are considering doing a trade in for your next used car purchase, visit one of our eleven Austin locations of Chapman Motor Sales.

What are your financing options at Chapman Motors?

Posted on June 10th, 2010 No Comments

When individuals consider purchasing a used car, they may need to take out a loan to finance the purchase. Such loans often are made through third-party creditors.

Third-party creditors, however, may offer complicated terms and feel impersonal. For that reason, Chapman Motors offers in-house financing. Chapman’s financing options may be able to help individuals develop a loan and payment plan for financing a used-car purchase.

If you want to know more about our in-house financing options, visit one of the 11 Austin locations of Chapman Motors at 512-401-2555.

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