COMPLIANCE - BEDROCK OF PROFIT RETENTION and Improved Customer Experience
Does your dealership have a compliance strategy? If not, you are at risk! Regulators are actively hunting for auto dealerships that are violating federal and state regulations for lending, advertising, security, and more. Without a serious plan to comply with today’s regulations, you could be facing crippling fines and penalties.
Work with Max Zanan today to build a compliance strategy that will secure a safe future for your dealership. Contact Max to start your free compliance consultation. Max will cover everything you need for complete compliance including:
• Complete review of physical and digital security
• Analysis of compliance in F&I department
• Building a complete compliance plan
• Appointing a compliance officer
• Creating a culture of compliance across all employees
• Training leadership on the key issues in compliance today
• Building a plan for regular compliance audits to keep current
• And more!
Why should I care about automotive compliance?
Many automotive managers are focused on bottom-line results above all else. Fair enough, as today’s auto retail business is more competitive than ever. However, cutting corners or simply ignoring compliance issues is just not good enough anymore.
The days of the cowboy car dealer are over! Government regulators are actively looking for non-compliant dealers and issuing huge fines and penalties when regulations are not being followed. Can your dealership afford a $1,000,000 fine? The risk of avoiding compliance is simply too great. The reality is: get compliant or die.
What does compliance actually mean for my dealership?
There are many key laws and regulations impacting dealers today. Each of these important issues needs to be understood and specifically addressed in your compliance plan. Specific regulations to understand include:
• GLB Privacy Rule
• GLB Safeguards Rule
• Used Car Rule
• Disposal Rule
• Equal Credit Opportunity Act
• Red Flags Rule
• Form 8300
• OFAC Compliance
• And more!
Working with Max
If understanding all these regulations sounds overwhelming, you’re not alone. Most dealership owners and managers will find it very challenging to actually keep track of each regulation and make a specific plan to address it. Fortunately, working with Max Zanan takes the pressure away from you and your team.
Max will develop a complete automotive compliance plan to address all of the above issues, and many others. Working with Max ensures bulletproof safety from today’s aggressive regulators, and allows you to focus on selling cars without regulatory distractions. Schedule a free consultation with Max today and protect your dealership!