Texas Advertising Rules
By Rachel Jurich - June 13, 2019

It’s no secret that good advertising generates prospects, and this is what all business owners strive for. However, advertising can be detrimental if business owners are not following the rules as to what is deemed acceptable. It is important to note that in Texas, advertising rules differ for new car....

What does a customer need in order to purchase a vehicle in Texas?
By Rachel Jurich - March 20, 2019

This question is frequently asked and the answer is quite important. Per Texas law, the dealer must obtain a copy of a photo identification with an expiration date and a unique identification number. Additionally, a copy must always be kept on file in the dealer jacket. Lucky for Deal Pack....

Michigan Trade In Tax
By Scott Hackett - February 16, 2019

Michigan has long been recognized as the heart of the American Automotive Industry due to its hand in the mass production of vehicles throughout the 20th and 21st century. Although Michigan has been a titan in the industry, the state has never been lenient with sales taxes on new vehicles....

What does TILA stand for?
By Merritt Hardy - July 1, 2018

TILA (an acronym for Truth in Lending Act) is a United States federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost. It was originally known as Title I of the Consumer Credit Protection Act enacted May 29, 1968.  It was created....

IRS 1099 and 8300 – What are Those?
By Merritt Hardy - June 1, 2018

With every New Year comes some end of year reporting functions that must be accomplished within a certain time frame  and the preparing and mailing of 1099’s is one of them.  In this blog, we will take a quick look at the form and the reason for preparation.  We will....

Title Loans and are they for you?
By Anjelica Baker - May 17, 2018

The Consumer Financial Protection Bureau (CFPB) has issued a report, proving that one-in-five borrowers who take out a single-payment auto title loan have their vehicle seized by their lender as a result of failing to repay their debt. According to the CFPB’s research, more than four-in-five of these loans are....

Is Force Placed Insurance Worth It?
By Merritt Hardy - March 16, 2018

In this ever-evolving world, more and more dealerships are looking to use Force Placed Insurance (also known as Collateral Protection Insurance or CPI). Is it worth it and what exactly is it?   Force-placed insurance, also known as creditor-placed, lender-placed or collateral protection insurance is an insurance policy placed by....

How Dealers can Profit from Leasing
By Chris McIntyre - February 23, 2018

Can dealers make a profit from leasing? The answer is a resounding Yes, and in the same ways one would make a profit from selling a car. Dealers will make the profit from the price the customer agrees on at the beginning and end of the lease. Dealers will also....

Ready to go Paperless?
By Amir Dabiri - January 19, 2018

In a perfect world we would be free of human error. Unfortunately, the world is not perfect; mistakes are made, and auditors are not known to be forgiving. Think of all the many pages of documents needed for the sale of a vehicle and multiply that by the number of....

Extended Warranties – Worth the Cost?
By Merritt Hardy - November 15, 2017

In today’s times, with more and more people keeping their vehicles longer, it means that they will incur more mileage and also more breakdowns over the life of the vehicle.  But with the rising cost of repairs, is it worth it to purchase an extended warranty?  But what exactly is....