5 Title Issues that Bring a Car Sale to a Halt
Car sales come with paperwork — a lot of paperwork. One of the most important pieces of paper in a vehicle transaction is the title. Whether it’s electronic or on paper, the car’s title is the final word on a car’s ownership. When someone finances a vehicle, the title belongs to the bank until the […]
How the Microchip Shortage Impacts Your Dealership and the Automotive Industry
You may notice something odd when you drive by car dealerships — there aren’t many cars! This isn’t because cars are flying off showroom floors, as nice as that would be for the automotive industry. For the past several months, a shortage of one tiny part — the semiconductor microchip — has all but halted car […]
How Real-Time Tracking Saves You Time
Depending on the size of your business, you could have hundreds of pending paperwork files floating around at any given time. This means every once in a while, a customer could fall between the cracks. Several angry phone calls later, you finally figure out where their paperwork is, but it’s too late. You can avoid […]
A Complete Guide to Registering a Mobile Home
Like any vehicle, mobile homes must be registered in order to be street legal. Whether you’re buying a new or used home, you need to update your registration once a year. It’s not entirely different from the process of registering a car, but there are some important things to know. Here is our guide to […]
How Our Automotive Industry Experience Can Help You
Upon walking into our Orlando office, one of the first things you’ll notice is the banner behind our clerks that boasts “300 years of combined experience.” You may wonder how all those years of experience can benefit you, an overworked dealer or tax collector sorting through piles upon piles of paperwork. With previous experience in […]
Everything You Need to Register an RV in Florida
With miles of coastline and hidden paradises, Florida is one of the best states in the nation to own a recreational vehicle (RV). In fact, the Sunshine State is one of the friendliest for RV owners. Florida doesn’t require a CDL license in the owner’s state of origin, even if their home state does require […]
Avoid These Common Dealer Paperwork Mistakes
Your dealership, even on its slowest days, can still feel busy. Data shows that car dealerships sell approximately 14 million new cars in the United States each year, which breaks down to around 38,356 cars sold each day. With each vehicle sold comes mounds of corresponding paperwork — both for your customers and for the […]
Reposessions, are you claiming your tax credit?
Dealers who are financing their customers in Buy Here Pay Here are eligible to claim a sales tax credit for any loan that did not make it the full term.
Adverse Action Notice
Adverse Action Notices, when do you need them?
Two federal laws — the Equal Credit Opportunity Act (ECOA), as implemented by Regulation B, and the Fair Credit Reporting Act (FCRA) — reflect Congress’s determination that consumers and businesses applying for credit should receive notice of the reasons a creditor took adverse action on the application or on an existing credit account.
Do you need a finance license?
Who needs a finance license? Any dealer accepting more than ONE payment from a customer needs a finance license called a Motor Vehicle Retail Installment License. It is important that you apply for the correct one, it must be “motor vehicle” specifically. In addition to the act of taking one or more payments, you will […]
