Not all consumers who are purchasing a vehicle want to finance it. Some may be able to pay for the vehicle in full with cash or a bank draft. If it is your policy to finance all vehicle transactions, then the consumer must be made aware of all requirements as listed in the Cost of
Read MoreEnsure you know and understand what you need to do as a service and repair business when it comes to repair estimates and authorizations. The Automotive Business Regulation (ABR) sets out specific regulations regarding repair estimates and authorizations in Sections 31.6, 31.7 and 31.8. An authorization must be in writing and must have the following:
Read MoreThe Consumer Protection Act (CPA), through the Internet Sales Contract Regulation (ISCR), allows vehicles to be sold online and remotely to consumers. Regardless of your business model, whether you are selling online or at your dealership, the CPA, the Vehicle Inspection Regulation (VIR) and the Automotive Business Regulation (ABR) must be followed. The ISCR applies
Read MoreAMVIC recently sent out many industry-focused bulletins to help automotive businesses and salespeople stay informed, understand the laws and ensure compliance. Did you miss any of these informative bulletins? Here’s a quick overview so you can read any you may have missed. Industry resources that help you Sent out in February 2021, this bulletin lists
Read MoreDoes your automotive sales business use an “offer to purchase” form with consumers? Sometimes a document might state terms and conditions about the purchase or order of a vehicle and require some sort of upfront payment. Other times this document can be called an “order sheet” or “order spec sheet.” Essentially, this is a deposit
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