Best Practices for Remote Signing

by Dealertrack on June 4, 2020

Dealerships have made impressive strides in responding to the restrictions imposed by stay-at-home orders and social distancing rules by adopting tools that allow them to work with customers remotely. One vital part of that process is remote contract review and signing. With a growing percentage of deals starting online, remote signing followed...

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Staying Compliant While Working Remotely

by Dealertrack on April 28, 2020

Staying Compliant While Working Remotely The rapidly changing circumstances around the COVID-19 pandemic are forcing dealerships to adapt quickly. In areas where shelter-in-place or stay-at-home orders have led to closed showrooms, some dealership personnel have relocated to their home offices to continue their work. As deale...

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Don’t Play “Hot Potato” With Adverse Action Notices

by Dealertrack on March 5, 2020

As much as your dealership would like to be able to sell to every customer, sometimes it doesn’t work out. Maybe a customer was credit-challenged, so you decided not to send their application to any financing sources – or you did send their application for financing but couldn’t get acceptable terms. Perhaps you had a spot delivery deal in pl...

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The 5 Ws of Privacy Notice Compliance for Dealerships

by Dealertrack on February 20, 2020

Your dealership’s privacy notice may seem like just another piece of paperwork, but it’s a vital part of your compliance plan. The federal and state consumer protection regulations that require privacy notices address a wide range of your dealership’s data handling and storage practices. Let’s go over the basics you need to know about them....

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New in Compliance for 2020

by Dealertrack on February 6, 2020

The regulatory landscape changes every year, so staying compliant with all of the laws and regulations that apply to your dealership can be a challenge. But if you don’t stay on top of it, you risk fines, penalties and damage to your business reputation. Engaging qualified legal counsel is the best way to ensure full compliance, but here is a...

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What Dealerships Need to Know About Electronic Signatures

by Dealertrack on October 10, 2019

In the year 2000, Tiger Woods became the youngest golfer to win a career Grand Slam, the original Mini ceased production, and the U.S. passed the E-Sign Act (Electronic Signatures in Global and National Commerce) ensuring that electronic signatures can be valid and legally binding. Even though 19 years have passed since then, confusion about the...

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Drive to Success: Innovation and Drive for your F&I Strategy

by Lindsay Lauck on April 29, 2019

The F&I process, for most dealerships, generates significant potential profit for the business. But regulatory compliance, buyer frustration, and shrinking margins are daily hurdles that threaten to make the F&I process a losing battle. Can finding passion and meaning in your work combat the stress? Can new data-backed integrations bring au...

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