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Buyers Guides: 3 THINGS YOU PROBABLY DIDN’T KNOW

#1 – Customers claim they didn’t know what AS-IS means… The buyers guide has to be clearly displayed on the vehicle. When selling AS-IS, it should also state that the vehicle is sold “as is.” It should also include that the quality and performance of the vehicle is the buyer’s sole responsibility. The document needs to also explain that if the […]

All Tied Up: Securing Titles Before Selling the Cars

Car dealerships must take proactive steps to secure titles for all vehicles purchased from car auctions before they sell the car. This includes implementing due diligence and researching relevant laws and regulations in order to guarantee compliance with all applicable title requirements. Additionally, car dealerships should prioritize communication between the car auction company and DMV to ensure […]

Carfax Report Reveals Decline in Truck Prices

Insights into Recent Changes in Truck Market Values Truck Prices: Declining Trend In the most recent update of the Carfax Used Car Index , it is revealed that pickup truck prices saw a dip of around $700 in September. These fluctuations mark interesting changes in the automotive market. Trucks: From Highs to Lows Truck prices have now […]

The Stringency of Auto Credit Keeps Increasing

Exploring the Growing Constraints of Auto Financing Options Credit Access Tightening Across Lender Types According to a Dealertrack report, credit access in the auto industry has been tightening consistently on a year-over-year basis. This trend is observed across all lender types, with auto-focused finance companies experiencing the least tightening while credit unions face the most […]

Avoiding Risky Credibility Battles in Arbitration Through Proper Documentation

The arbitrator in this case highlighted that the outcome “ultimately turns on the credibility of the witnesses”. When disputes rely solely on one party’s word against another, dealers are exposed to uncertainty, extended litigation, and unnecessary costs. Credibility competitions are unpredictable and rarely end quickly. Even if a dealer prevails, the process is time-consuming and […]

Securing Your Account: Safeguarding Against Phishing Scams

Essential Tips and Best Practices to Defend Your Account from Phishing Attacks Recognize Phishing Attempts Phishing occurs when scammers send deceptive emails or text messages that mimic legitimate organizations, aiming to extract your sensitive information, such as passwords or financial details. Stay vigilant and be aware of the following signs: Be Cautious with Unknown Senders […]

Knowing the Requirements for a Car Dealer License

A dealer license is required in many states, including California, in order to legally buy and sell cars, and to discuss a vehicle purchase with consumers. The license allows car dealers to operate a dealership according to applicable laws and regulations. To obtain a dealer license, applicants must meet certain requirements depending on the state […]

PROTECT YOURSELF AGAINST LAWSUITS

Built on Real Law Experience If you want your car dealership to be protected, you need the help of people experienced in protecting car dealerships. DealerXT was created by dealership defense lawyers with direct courtroom/jury trial experience in Consumer Legal Remedies Act, ASFA, Lemon Law, and other laws regulating the car sales industry.  Knowing how to […]