Eliminating Risks With Finance Managers

Posted by Ian Gamberg on May 10, 2022 1:28:42 PM

Dealerships have numerous rules and regulations to follow when selling vehicles and F&I products. These rules don’t just protect customers, they also help prevent losses due to fraud – presenting a risk on all sides of any deal.

Florida’s compliance rules are particularly tricky when it comes to F&I products, making regulatory risk even greater. Understanding these regulations and how they apply to your sales process is critical. You must focus on the protection of the customer, the finance manager and the dealership.

Your F&I partner should have a role in keeping your dealership compliant, but the responsibility ultimately lies with the dealership.

A good provider offers many options, from online compliance tools to in-person training. When choosing what works best for you, keep in mind that compliance runs deeper than just your finance manager. All departments of your dealership play a role in mitigating risk and providing a safe environment for your staff and customers.

FLADCO has been serving Florida dealers for nearly 30 years and understands all aspects of compliance. Our deep vendor and provider relationships and expertise combine to ensure your dealership is fully up to speed on compliance. We can even provide training for dealership staff to deliver added value.

Contact us to learn more.



Topics: F&I Learning Series

Ian Gamberg

Ian Gamberg is a Business Development Manager at FLADCO (Florida Auto Dealer Co-op).

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