The Road to ROI with F&I

Are Your Auditors Covering the Necessary Areas?

Posted by Vanguard Dealer Services on Feb 13, 2023 8:19:00 AM

Automakers build their business on exceptional customer service and state-of-the-art products. However, dealerships also need to reflect the same high-quality service to guarantee repeat sales. After all, dealerships are an integral part of the customer experience journey.

Read More

Topics: Automotive dealership compliance, dealership best practices, Deal Audits

Compliance Made Easy for Your Dealership

Posted by Valentin P. Sanchez on Jan 30, 2023 9:19:00 AM

Are you ready to take the stress out of compliance regulations for your dealership? As a dealership owner or manager, you know how important it is to follow all the legal requirements and keep your business compliant. But, let's face it, navigating the laws and regulations can be overwhelming and time-consuming.

Read More

Topics: dealership compliance, Automotive dealership compliance, F&I Compliance

5 Ways to Keep your Dealership Compliant

Posted by Vanguard Dealer Services on May 16, 2022 9:30:00 AM

The automotive dealership has several state and federal laws that it must obey. These laws are intended to protect employees and consumers from questionable practices. Compliance with these laws is important for your business to avoid steep fines and penalties. Failure to comply can also cause huge reputational damage to your dealership. Here are a few ways to ensure that your dealership stays compliant.

Read More

Topics: dealership compliance, Automotive dealership compliance, F&I Compliance

How Automotive Dealership Compliance Can Ease Your Legal Nightmare

Posted by Vanguard Dealer Services on Apr 4, 2022 9:30:00 AM

As an automotive dealer in the US, you must be conversant with consumer protection regulations, federal and state laws. The Federal Consumer Leasing Act, Truth in Lending Act, Fair Credit Reporting Act, and Gramm-Leach-Bliley Act are but a few examples. Any breach of these legislations will see you face heavy penalties and steep fines.

Read More

Topics: Auto Dealer Compliance Fines, Automotive dealership compliance, dealership best practices

How Does Your Dealership Benefit from Compliance Audits?

Posted by Valentin P. Sanchez on Nov 22, 2021 10:00:00 AM

There are several laws and regulations set by the federal and state governments to control automotive dealerships, and it can be stressful and straining for you to keep up with them all. You will not only be working on ensuring you keep up with all the required laws, but there is the challenge of knowing whether you are implementing them in a legally acceptable way. This is where compliance audits come in handy.

Read More

Topics: compliance, dealership compliance, Automotive dealership compliance, F&I Compliance, dealer audits

How to Achieve a Compliance-Focused Dealership

Posted by Valentin P. Sanchez on Jun 22, 2021 1:50:40 PM

Nowadays, there are multiple state and federal regulations regarding automotive dealerships. These regulations' primary intent is to protect consumers as well as employees from unethical practices. 

You risk paying hefty fines and other consequences if you run afoul of these regulations, not to mention the damage to your reputation. Thus, the best thing to do is always ensure you maintain a dealership that adheres to state and federal regulations. Below are the top five ways of ensuring your dealership remains compliant.

Read More

Topics: Auto Dealer Compliance Fines, compliance, Automotive dealership compliance, F&I Compliance

How to Keep Up with Dealership Compliance

Posted by Valentin P. Sanchez on Jun 1, 2021 10:15:53 AM

Dealership compliance is a vital consideration, especially after the creation of the Consumer Finance Protection Bureau. It is your job to keep up with numerous regulations, from marketing to F&I and inventory. Although it seems like a lot of work, these five strategies can help keep your dealership compliant.

Read More

Topics: compliance, dealership compliance, Automotive dealership compliance, F&I Compliance

5 Effective Ways to Improve Your F&I Process

Posted by Valentin P. Sanchez on Apr 19, 2021 5:00:47 PM

DESIGNING A SUCCESSFUL F&I PROCESS FOR YOUR BUSINESS

Having a well-established F&I department is one of the most important things for financial growth. Establishing strong profit centers within your organization helps you ensure that the purchase process is well monitored by scrutinizing the customer. Some of the ways that the F&I process helps dealerships are; access client credit reports, review credit application, and budget clients' credit reports and leases or loans within the set guidelines of financial institutions such as banks, financial companies, and lease companies. Conducting a successful F&I process plays an important role in client engagement and attracting prospects through the opening.

Read More

Topics: compliance, dealership compliance, Automotive dealership compliance, F&I Compliance

Important Tips (and Laws) to Help You Stay Consistent with Deal Audits [Part 2/2]

Posted by Vanguard Dealer Services on Apr 5, 2021 4:52:20 PM

Top 10 Dealership Laws and Regulations

As we have already discussed, the automotive retail industry faces a complex challenge of complying with the stringent legislation as set by state and federal governments. Many dealerships have often fallen short of expertise, time, and workforce to uphold the mandatory requirements.

In part two of our article, we break down the regulatory language and jargon to help you understand what the federal and state is required of you.

Read More

Topics: compliance, dealership compliance, Automotive dealership compliance, F&I Compliance, dealer audits

Innovative Tips to Stay Consistent with Deal Audits

Posted by Vanguard Dealer Services on Mar 1, 2021 9:30:00 AM

In the automotive industry, laws and regulations are always being updated and changed. It’s essential to keep up on the latest information and news and also be consistent with Deal Audits. Here are a few tips to consider when needing to keep your dealership compliant.

Read More

Topics: compliance, dealership compliance, Automotive dealership compliance, F&I Compliance

Follow Vanguard Dealer Services

Be the First to Know About Latest F&I and Automotive News!

Recent Posts

Posts by Topic

see all