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Financing-only option for consumers

By AMVIC Communications | Industry bulletins

Not all consumers who are purchasing a vehicle want to finance it; some may be able to pay for a vehicle in full with cash. 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 Credit Disclosure Regulation before entering into … Continued

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Finance-only sales can be paid off immediately

By AMVIC Communications | Consumer bulletins

AMVIC receives many consumer questions and complaints about finance-only purchase options. Some automotive businesses choose to only sell vehicles through their own in-house financing. Automotive businesses can decide how they accept payment, just as some retailers will not accept certain credit cards and some won’t accept cash. Essentially, an automotive business can have their own … Continued

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