Accurate documents, including a compliant bill of sale, increase transparency and build trust with consumers. Record accuracy is critical, in case a dispute arises. Ensuring that the correct information is being recorded on bills of sale and financing applications provided to financial institutions will protect the consumer, your salespeople and business. Automotive businesses have an
Read MoreResearch is the most important tool you have when buying a used vehicle. Ask questions and weigh the risks so you don’t fall for fraud. The Vehicle Identification Number (VIN) is like a vehicle fingerprint; this unique 17-character code will give you specific details on the manufacturer, vehicle type and even where it was made.
Read MoreIn this issue: Fraud Prevention Month: how to avoid fraud What to expect during an inspection Is your advertising compliant? Read Impact Vol. 1, 2022
Read MoreIf you are considering leasing a vehicle, make sure you understand what a lease is and what your obligations are before you sign on the dotted line. What is a lease? Think of it as “renting” a vehicle for an extended period of time. There is a contract outlining how one party uses a vehicle
Read MoreNot 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
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