by Ejola Cook | Jun 3, 2024 | Dealer Compliance, Deposits: Non-Refundable, Finance
Non-Refundable Deposits are a great way for dealers to help secure a sale by having the buyer put a “little skin in the game.” As simple as it sounds, a Non-Refundable Deposit (“NRD”) is money paid by a customer toward the purchase of a specific vehicle that under...
by Ejola Cook | Jan 18, 2023 | Dealer Compliance, Finance, RV Dealers
Not every state allows for a third-party trade in, but Florida does! Although a third-party trade isn’t exactly common, there are some things to know should you come across one. Basically, this type of transaction is where a customer who is purchasing an RV will...
by Allen Monello | Aug 10, 2017 | Dealer Compliance, Dealer Participation (Markup), Finance
NOTICE: The information below was obtained directly from the Consumer Financial Protection Bureau’s (CFPB) Paper on the Equal Credit Opportunity Act (ECOA) and Regulation B FAST FACTS Dealers’ policy for setting the amount earned for arranging financing...
by Allen Monello | Sep 8, 2014 | Dealer Compliance, Sales Tax, Sales Tax on Service Agreements
NOTICE: The information below was obtained directly from the Florida Department of Revenue (DOR) website. Links are provided so you may access the content on the DOR website. FAST FACTS When you sell a service agreement the amount of sales tax you must collect is as...
by Allen Monello | Jul 23, 2014 | Dealer Compliance, Finance
NOTICE: The information below was obtained directly from Florida Statutes and the Office of Insurance Regulation (OIR). Links are provided so you may access the statute and OIR website. FAST FACTS RV Dealers who wish to sell motor vehicle service agreements to their...
by Allen Monello | Jul 14, 2014 | Dealer Compliance, Finance, Finance License
NOTICE: The information below was obtained directly from the Office of Financial Regulation (OFR) website, Florida Statutes and Florida Administrative Code (Rule). Links are provided so you may access all content on the OFR website. FAST FACTS If RV Dealers do any...
