In this eye-opening episode, John Lewis tackles one of the most controversial practices in automotive retail: spot delivery, also known as "yo-yo financing." Whether you're a dealer trying to navigate compliance, a finance manager protecting your business, or simply curious about automotive finance practices, this episode delivers critical insights you can't afford to miss.
John breaks down what spot contracts really are, why dealerships use them, the legal landscape across America, and how Maryland became a trailblazer with comprehensive spot delivery legislation. You'll learn about the risks, regulations, and best practices that distinguish ethical dealers from those courting disaster.
What You'll Learn:
- The mechanics of spot delivery and why it's so common
- Consumer protection concerns that have regulators watching
- Maryland's groundbreaking 4-day notice period law
- Why 48 states still lack specific spot delivery statutes
- Federal Trade Commission efforts to regulate the practice
- How to protect your dealership while serving customers ethically
- The future of spot delivery regulation in America
Whether you're closing deals on the showroom floor or setting policy in the executive suite, this episode arms you with the knowledge to navigate spot delivery with confidence and compliance.
Head over to www.theultimateautofinanceguide.com now and grab your digital copy now. Trust me, it's the smartest investment you'll make before buying your next car."
"Head over to Amazon and grab your copy today! Just search for 'Drive to Success: The Ultimate Auto Finance Guide' or use the link https://a.co/d/c9wAynw in our show notes. Take control of your car-buying experience and drive away with confidence!"
Email me at: masteringautofinance@gmail.com
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