A lot of dealers think if they list a car, "as-is" it means they are protected if a consumer or plaintiff comes after them for a warranty issue or for problems with the car after the sale. Bad news: that's not actually true. In this article, we'll [...]
Picture this: all your cars are lined up beautifully on your lot. You open for a day of business with potential sales lined up. In walks an auditor and you are hit with several fines. Why? Because you made one simple mistake when it comes to your [...]
One risky issue in the auto sales industry that many dealers overlook is vehicle labeling (or lack thereof). In this article, we'll dive into why using adequate labeling for every vehicle on your lot is a necessity. If you prefer an audio-visual [...]
Did you know there are regulations for visitor parking? You read that right. Something as simple as visitor parking has guidelines auto dealerships must follow. In this article, we'll discuss what those regulations are and why they exist. If you [...]
The number one issue that I see with dealers relates to disclosures from the auction and disclosures to customers. In this article, we'll discuss how to navigate auction announcements and your liability as the seller of vehicles to consumers. For [...]
Repossession is not limited to consumers who default on their car notes. It also happens when dealers default on the obligations outlined in a Floorplan Financing Agreement. In this article, we'll discuss how to navigate Floorplan Financing [...]
What is all that financial information at the bottom of every credit and/or loan contract? That is the Truth in Lending Act at play. In this article, you'll learn what the Truth in Lending Act is, how it regulates car dealers, and what to look out [...]
In the state of Georgia, as in the rest of the United States, the Fair Debt Collection Practices Act (FDCPA) serves as a crucial safeguard for both consumers and creditors. Because used car dealers sometimes collect payments from their customers [...]
My wife and I went to a franchise dealer to look at a vehicle we wanted to purchase. The advertised price was within our budget, but when we sat down to hash everything out, the dealer tacked on an arbitrary "dealer fee" to the advertised price. [...]
The Fair Business Practices Act was established to protect consumers from predatory business practices and give businesses an ethical framework to follow. As with any statute, consequences for violating it result in penalties. And let me tell you, [...]
