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In a car dealership accounting office, reconciliation can play a major role in improving profits. Like most types of businesses, auto dealerships have quite a few different departments that work together to ensure things run as smoothly as possible. From…
Check prospective buyers against the SDN list to ensure full OFAC car dealership compliance. If someone were to ask you what you think is most important when owning an auto dealership, what would you say? Building a solid, effective sales…
Business text messaging regulations are changing. Find out what to expect and how to stay compliant with updated carrier regulations. If you own a cell phone, you have undoubtedly had your share of spam texts. Whether it’s an offer to…
Protect your customers and your business by adhering to the Red Flags Rule. Here’s how to stay compliant. Identity theft. It’s one of the most stressful situations you can find yourself in, mainly because there are so many unknowns. It’s…
Car dealers aren’t legally required to provide a car return policy, but that doesn’t mean it’s not a good idea to create one. A well-written car return policy can help prevent client confusion, and it can help dealers avoid difficulty…
Don’t let an expired auto dealer license get in the way of dealership success. Existing dealership owners already know the process to get an initial auto dealer license can be daunting, but without one, you can’t sell cars. Period. Each…
Don’t let missing vehicle disclosure forms stand in the way of a perfect dealership audit. Vehicle disclosure forms are used so frequently that dealers sometimes forget how important they are to the car sales process, and like any compliance matters,…
Don’t let dealer surety bond trouble bring business to a screeching halt. Most car dealership insurance policies are put in place to protect the seller, but a dealer surety bond works differently. While it’s possible to obtain surety bonds through…
Auto dealers that aren’t CFPB compliant could face legal action and millions of dollars in penalties. The Consumer Federal Protection Bureau (CFPB) is a U.S. government agency that ensures the fair treatment of consumers by lenders and financial institutions. Because…
Are you confident in the fact that your dealership has done everything possible to pass an unexpected dealership audit? You’re going about your day and then out of nowhere your bank’s floorplan representative pays you a visit. Or maybe it’s…
