The Road to ROI with F&I

6 Practices to Stay Consistent with Deal Audits

Posted by Valentin P. Sanchez on Jan 31, 2022 10:00:00 AM

Compliance with various state and federal rules and regulations is a crucial requirement for any business to thrive. The automobile dealership industry is no exception to this.  One effective way to handle compliance in this business is through the implementation of deal audits.

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Topics: compliance, dealership compliance, F&I Compliance, dealer audits, Deal Audits

Keeping Your Dealership Compliant — The Complete Guide

Posted by Valentin P. Sanchez on Jan 3, 2022 9:00:00 AM

Change is inevitable in the dealership industry, and it is your responsibility to safeguard your bottom line. The first step is staying compliant with the latest federal and state regulations while your dealership keeps evolving and moving forward. However, finding viable strategies that do not scare away employees is not as easy as it seems.

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

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.

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

How to Effectively Stay Consistent with Deal Audits

Posted by Valentin P. Sanchez on Nov 2, 2021 10:00:00 AM

The key objective for most managers in the automotive industry is to drive profits through the roof. As a result, competition has become intense, and the need for compliance with state and federal law has become necessary.

There are several ways to ensure compliance in your dealership without compromising the legality and expansion of its operations.

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

How Does Your Dealership Benefit from Compliance Audits?

Posted by Valentin P. Sanchez on Oct 1, 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.

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

Stay Consistent with Deal Audits: Tips for Staying Compliant

Posted by Valentin P. Sanchez on Sep 8, 2021 10:12:01 AM

Dealerships are under a lot of scrutiny these days. In order to comply with state and federal regulations, it's important that dealerships stay up-to-date on the latest laws. That being said, many dealerships fail to keep their compliance in check because they don't know how or where to start. Fortunately for you, we have compiled a list of tips that will help you stay compliant with new deals and regulations so your dealership can continue doing what it does best: helping customers find the perfect car!

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Topics: Auto Dealer Compliance Fines, F&I Compliance, dealer audits

Stay Consistent with Deal Audits

Posted by Valentin P. Sanchez on Apr 26, 2021 12:29:12 PM

If you are running a dealership, you must have known by now that having a robust internal control environment is a crucial success factor in your business. With the proper internal controls and consistent audits, your organization cannot only achieve the set goals but also guaranteed operational efficiency and effectiveness.

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

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.

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

Important Tips (and Laws) to Help You Stay Consistent with Deal Audits [Part 1]

Posted by Valentin P. Sanchez on Mar 30, 2021 10:12:14 AM

Most automotive managers are so pre-occupied with bottom-line results (driving profits) above all else. And that's fair enough since today's auto retail industry is more competitive than ever. Nevertheless, the cowboy car dealer days are well over. 

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Topics: Auto Dealer Compliance Issues, compliance, dealership compliance, F&I Compliance, dealer audits

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