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 [...]
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 [...]
Most, if not all independent dealers get their inventory from pre-owned vehicle auctions. Some only buy from local auctions and some buy from all over the country. As a result, the auctions hold significant power over independent dealers. It is in a [...]
Client: Steven, I just got a letter from an attorney because we messed something up. Steven: Uh oh. What happened? Client: We bought a car at auction, put it on our website, and sold it before we got the title from the auction. Now we are past [...]
Sometimes transportation of a vehicle from an auction to your lot can go awry. In this video, I tell two of my favorite stories about crazy cases involving vehicle transport. Trust me - they're wild. Check out this short video to find out what [...]
Did you know that Georgia is Manheim's number 1 United States market? It is true. What does that mean for you? It means that buying cars from Georgia auctions can be difficult, competitive, and expensive. Thanks to advances in technology, it is very [...]
Auctions are generally the necessary evil when it comes to putting cars on your lot. Auctions provide basic inspections but if you find something is wrong, you have to act quickly to address the issue. In this video, we discuss auction basics like [...]
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 [...]
