Imagine your dealer just asked you to be their ‘Compliance Cop,’ but you prefer to focus on production. This session will review options to help you satisfy your dealer's request.
While an F&I agency would likely have access to consumer information both less in quantity and sensitivity than what a dealership possesses, the information it does have can be misused and needs to be protected.
Included in the event registration, all attendees will be eligible to sign up and take the ACE certification exam in one of four disciplines: F&I Specialist, Sales Management Specialist, Compliance Officer, and ACE’s newest offering, Safeguards Specialist.
If an agent cannot fulfill the new requirements, the FTC has an answer: fire that agent and find one that can.
You can create a simple test deal file and pop quiz to administer during the interview process that will tell you how compliant the applicant really is, vis-a-vis your compliance standards.
Don’t let lame excuses for non-compliance derail your dealer’s efforts.
By providing certification, regular video updates and an annual recertification exam, the ACE Safeguards Specialist Certification Program is intended to help dealers meet the new Safeguards requirements.
Dealers should have an available vehicle service contract which mirrors the coverages available under the manufacturer CPO warranty.
Join Automotive Compliance Education at AE Experience on Tuesday, May 25.
Implementing pricing guidelines is not a guarantee that the regulators will stay away, but properly implemented and managed, it should provide a plausible defense of your F&I pricing practices.
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