Hello again, I would like to welcome you back to the fourth part in my five part series summarizing the 2011 AICPA National Auto Dealership Conference that was held several months Continue reading
There is heavy speculation in the automotive industry that F&I managers are going to come under heavy examination from the Consumer Financial Protection Bureau, which was recently established as a result Continue reading
Many F&I managers are under the false impression that once a retail installment contract gets funded by the lender then they are off the hook for any potential Truth in Lending Continue reading
As you know, it is not against the law for a dealer to make a reasonable profit on the markup of the buy-rate for a consumer installment contract. This markup is Continue reading
In my last blog, I talked about some things that we should be alerted to as it relates to F&I policies. I just purchased and took delivery of a new car Continue reading