Penland Automotive, LLC v. Dealer Financial Holdings, LLC

CourtCourt of Appeals of South Carolina
DecidedJanuary 21, 2026
Docket2023-001053
StatusUnpublished

This text of Penland Automotive, LLC v. Dealer Financial Holdings, LLC (Penland Automotive, LLC v. Dealer Financial Holdings, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Penland Automotive, LLC v. Dealer Financial Holdings, LLC, (S.C. Ct. App. 2026).

Opinion

THIS OPINION HAS NO PRECEDENTIAL VALUE. IT SHOULD NOT BE CITED OR RELIED ON AS PRECEDENT IN ANY PROCEEDING EXCEPT AS PROVIDED BY RULE 268(d)(2), SCACR.

THE STATE OF SOUTH CAROLINA In The Court of Appeals

Penland Automotive, LLC, and Charles W. Penland, Jr., Respondents,

v.

Dealer Financial Holdings, LLC, Steve Lanzl, and Daniel B. Haight, Appellants.

Appellate Case No. 2023-001053

Appeal From Greenville County J. Derham Cole, Circuit Court Judge

Unpublished Opinion No. 2026-UP-021 Heard November 5, 2025 – Filed January 21, 2026

AFFIRMED

Robert Hope Jordan, of Parker Poe Adams & Bernstein, LLP, of Charleston, and Emily Irene Bridges, of Parker Poe Adams & Bernstein, LLP, of Greenville, both for Appellants.

Jason Michael Imhoff, of Imhoff Law Firm, of Greenville, for Respondents. PER CURIAM: Appellants Dealer Financial Holdings, LLC; Daniel B. Haight; and Steve Lanzl (collectively, Dealer Financial) appeal the circuit court's order denying their motion to strike Respondents' jury demand. Appellants argue the circuit court erred by finding that Respondents Penland Automotive, LLC and Charles W. Penland, Jr. (collectively, Penland) did not waive their right to a jury trial in a 2016 financing agreement. We affirm.

FACTS AND PROCEDURAL HISTORY

Appellants Daniel B. Haight and Steve Lanzl are, respectively, the president and chief operating officer of Dealer Financial Holdings, LLC (Dealer Financial Holdings), a financing company that offers floor-plan financing1 to car dealerships. Respondent Charles W. Penland, Jr. (Mr. Penland) is the sole owner of Penland Automotive, LLC (Penland Automotive), a used car dealership.2

On November 21, 2016, Penland and Penland Properties II, LLC entered into a written loan and security agreement with Dealer Financial Holdings (the 2016 Agreement). Under this agreement, Dealer Financial Holdings provided floor-plan financing to Penland Automotive in the form of cash advances. Section 17 of the 2016 Agreement addressed Penland's and Dealer Financial Holdings' rights to a jury trial:

TO THE EXTENT PERMITTED BY APPLICABLE LAW, EACH GRANTOR AND [DEALER FINANCIAL HOLDINGS] HEREBY . . . WAIVE ANY AND ALL RIGHTS TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING IN CONNECTION WITH THIS AGREEMENT, ANY RELATED AGREEMENT, THE LIABILITIES, ALL MATTERS CONTEMPLATED HEREBY AND DOCUMENTS EXECUTED IN CONNECTION HEREWITH, AND ANY AND ALL CAUSES OF ACTION IN ANY WAY RELATING TO ANY MATTER BETWEEN THEM WHETHER ARISING FROM OR RELATING TO THIS AGREEMENT OR ANY RELATED AGREEMENT, OR ARISING FROM

1 Floor-plan financing is a line of credit extended to car dealerships to purchase vehicles or equipment and is usually paid back as the dealership sells its inventory. See Floor-Plan Financing, Black's Law Dictionary (12th ed. 2024). 2 Mr. Penland is also the sole owner of Penland Properties II, LLC. ALLEGED EXTRA-CONTRACTUAL FACTS PRIOR TO, DURING, OR SUBSEQUENT TO THIS AGREEMENT AND REGARDLESS OF THE LEGAL THEORY UPON WHICH SUCH MATTER IS ASSERTED . . . .

(emphasis added). Additionally, Mr. Penland signed a demand note on behalf of Penland Automotive and individually signed a guaranty; both documents noted that Dealer Financial Holdings was or would continue making future advances to Penland Automotive, indicated that the 2016 Agreement defined any terms incorporated in but not defined in the documents, and included jury trial waiver provisions identical to the provision in the 2016 Agreement.

The parties maintained their floor-plan financing arrangement under the 2016 Agreement for approximately three years.3 On February 20, 2019, Penland Automotive told Dealer Financial Holdings that it no longer needed Dealer Financial Holdings' services and to "close and deactivate [the] floor[]plan" associated with the 2016 Agreement. Dealer Financial Holdings subsequently closed Penland Automotive's account.

In June 2020, Penland was in search of a new floor-plan financing company due to financial constraints caused by the COVID-19 pandemic. Penland found that Upstate Auto Auction (Upstate Auto) did not charge the same fees and costs as Dealer Financial Holdings but before it would enter a contract with Penland, Upstate Auto required Penland Automotive to remove an outstanding lien4 held by Dealer Financial Holdings. Dealer Financial Holdings did not remove the lien; instead, Penland and Dealer Financial began negotiating to renew their floor-plan financing arrangement.

In a July 6, 2020 letter, Appellant Daniel B. Haight informed Penland that a new floor-plan financing agreement would be prepared and available for Penland Automotive and Dealer Financial Holdings to sign, but the companies never signed

3 The parties also altered the terms of the 2016 Agreement, either by email or written agreement, but none of the amendments concerned the jury trial waiver provision. 4 Upstate Auto was concerned that the lien would give Dealer Financial Holdings priority over Upstate Auto interest's in Penland's floor plan if Upstate Auto entered into a contract with Penland. a new written financing agreement.5 Penland expected the terms of the new agreement to be identical to Upstate Auto's proposed terms, which Penland alleged Dealer Financial Holdings promised to incorporate in the new agreement. Though the parties did not execute a new written agreement, it is not disputed that Dealer Financial Holdings resumed advancing money to Penland Automotive to purchase vehicles and make loan payments back to Dealer Financial Holdings.

In an October 8, 2020 letter, Haight notified Penland that due to a change in Penland Automotive's management structure, Dealer Financial Holdings was accelerating repayment and demanding immediate payment of the remaining loan balance, referencing Penland's payment obligations under the 2016 Agreement. The parties disagreed on whether the 2016 Agreement governed the advances Dealer Financial Holdings made after they renewed their financing arrangement in 2020; Penland eventually filed this action against Dealer Financial. In its complaint, Penland requested a jury trial and raised the following causes of action: (1) breach of covenant of good faith and fair dealing; (2) unfair trade practices; (3) conversion; (4) breach of verbal contract; (5) recission of verbal contract; (6) fraudulent inducement to enter a contract; (7) negligent misrepresentation; and (8) defamation per se.

Dealer Financial filed a motion to strike Penland's jury demand, arguing that the jury trial waiver provision in the 2016 Agreement applied to all of Penland's causes of action, and Penland subsequently filed a motion for partial summary judgment that the 2016 Agreement did not govern the purported 2020 financing arrangement. The circuit court, finding that a "genuine issue of material fact exist[ed] relating to the continued applicability of the 2016 [l]oan [d]ocuments to the reopened floor-plan financing relationship in 2020," denied both motions without prejudice and with leave to renew the motions.

On September 28, 2022, Dealer Financial renewed its motion to strike Penland's jury demand. The circuit court found that Penland "[did] not waive[] its right to a trial by jury" and denied the motion by Form 4 order. This appeal followed.

ISSUE ON APPEAL

5 Though the July 6, 2020 letter included proposed terms, conditions, and guidelines for the new floor-plan financing arrangement, none of the documentation referenced the 2016 Agreement. Did the circuit court err by finding that the 2016 Agreement did not waive Penland's right to a jury trial in this case.

STANDARD OF REVIEW

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Cite This Page — Counsel Stack

Bluebook (online)
Penland Automotive, LLC v. Dealer Financial Holdings, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/penland-automotive-llc-v-dealer-financial-holdings-llc-scctapp-2026.