There are hundreds of ways for car dealers to get ahead of the game, and one of those ways is running a sweepstakes. In this article, we discuss what a sweepstakes is and how to ensure it is legally executed. If you are more of an audio/visual [...]
In the auto industry, the "reasonable person" standard is critical and can determine whether a car dealer is met with praise or legal headaches. Having a Policies and Procedures handbook can help avoid said legal headaches, but there are a few [...]
Ever have an employee make an agreement with or offer a deal to a customer that they did not actually have the authority to execute? It is frustrating and can cause some tension, but the good news is that such scenarios are preventable. In this [...]
When it comes to standard sales agreements, every car dealership (or business for that matter) should consider incorporating a merger clause. Doing so will protect you as the dealer or the contracting party. In this article, you'll learn what a [...]
Just as we try on clothes to ensure they are the right fit before we buy them, vehicles are no different. The majority of customers in the market for a new car want to take a prospect for a test drive, and allowing customers to do so builds trust [...]
Imagine this: customer A comes in and wants to buy a car for cash. Customer B comes in and wants to buy the same car on credit. How much are you charging each customer for the car? Even though it is tempting to charge the customer paying credit [...]
Now that you know some of the limitations of an as-is agreement, watch this video for a real-world example of how it impacted a dealer we [...]
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 [...]
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 [...]
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 [...]
