I know it's been a long month, but you may remember that I wrote about the Federal Trade Commission's cooling-off rule in early April. That rule is just one of the many laws and regulations that a dealer should review and...more
5/12/2020
/ Automotive Industry ,
Business Closures ,
Car Dealerships ,
Coronavirus/COVID-19 ,
DMV ,
Identity Theft ,
Installment Agreements ,
Off-Site Sales ,
Online Advertisements ,
Prohibited Transactions ,
Red Flags Rule ,
Risk Assessment ,
Risk Mitigation ,
Signatures ,
State Regulators
Let's say you want to drive the vehicle a customer is interested in buying to that person's home, let the customer see and test-drive the car, negotiate the price of the car, present and offer F&I products, and then have the...more
4/21/2020
/ Automotive Industry ,
Business Closures ,
Buyers ,
Car Dealerships ,
Cooling-Off Rule ,
Coronavirus/COVID-19 ,
Federal Trade Commission (FTC) ,
Risk Assessment ,
Risk Mitigation ,
Sales Restrictions ,
Salespersons ,
Sellers ,
Social Distancing ,
Statutory Violations