The number one issue that I see with dealers relates to disclosures from the auction and disclosures to customers. This video is a must-watch, even if you haven’t seen any of the other videos yet (I hope that’s not the case). This video is extremely important as I go through auction announcements and your liability […]
Most floorplans require a personal guaranty. We already talked about what a personal guaranty is, but watch this video for an explanation specifically as it relates to floorplans and auctions. Below is a transcript of the video: Most floorplan financing options will also require a personal guarantee from a dealer. I already spoke […]
Did you check your bank account and notice that the auction had taken money out without your knowledge? Believe it or not, that happens more often than you think. Watch this video for an explanation and cautionary tale about auto drafts and bank authorizations. Below is a transcript of the video: Now we are […]
In this video, we talk about how disputes at the auction are handled. If you have ever had an issue with an auction, you’ll want to know the deadlines and rules for resolving that dispute with the auction. Below is a transcript of the video: Here is something I get a lot: a client […]
