Dealership Guides

(Free Downloads)

These documents are intended to explain, as well as provide compliance information. They are not intended to address the specific facts and circumstances of every motor vehicle dealership. Specific applications will vary depending upon how a motor vehicle dealership transacts business.
You should contact legal counsel for specific application.
 
This publication is printed in cooperation with the Federal Trade Commission (FTC) and the National Independent Automobile Dealers Association (NIADA) and is part of a continuing effort to educate the industry about compliance requirements. The Dealer's Guide defines the Rule's requirements, explains how to prepare and display the Buyers Guide, provides a compliance checklist, and includes sample Buyers Guides.
   
2008 Fuel Economy Guide
The U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) produce the Fuel Economy Guide to help car buyers choose the most fuel-efficient vehicle that meets their needs.
   
Audit Technique Guide
This Audit Guide is what the IRS provides to its agents to audit independent motor vehicle dealerships. This Guide was developed with input from the used motor vehicle industry and can also be used by a dealership to prevent accounting and tax problems before they occur. In addition to covering trade issues such as accounting methods, cost of goods sold and inventory, balance sheets, and expense issues, the Guide also provides a blueprint on how a dealership can form a valid related finance company and includes a brand new Chapter on subprime lending. Not only can the Guide help prevent an unfavorable result in an IRS audit or other regulatory problem, it contains information that can help improve your dealerships bottom line. This guide can also provide relevant sections to your lawyers, accountants and consultants. It was drafted in layman's terms so that it could be easily understood. No dealership, professional or consultant in the used motor vehicle industry should be without one.
   
Gramm-Leach-Bliley

The stated purpose of the G-L-B Act and the FTC's Final Rule is to ensure that financial institutions respect the privacy of their customers and protect the security and confidentiality of “nonpublic personal information.” The definition of a financial institution has been broadly interpreted and will, in most cases, include motor vehicle dealerships.

This Overview is intended to explain the G-L-B Act, the FTC's Final Rule, and the FCRA, as well as provide compliance information.
   
Federal Trade Commission's Safeguards Rule
The FTC's Standards for Safeguarding Customer Information. The objectives of the Safeguards Rule are to insure the security and confidentiality of customer information, protect against any anticipated threats or hazards to the security and integrity of customer information, and protect against unauthorized access to or use of customer information that could result in substantial harm or inconvenience to a customer.
   
Office of Foreign Assets Control (OFAC) Guide
The Office of Foreign Assets Control (OFAC) of the Department of the Treasury administers and oversees a series of laws that impose economic sanctions against hostile targets to further U.S. foreign policy and national security objectives. OFAC is responsible for promulgating, developing, and administering the sanctions for the Treasury under eight federal statutes. All of the financial institution regulatory agencies cooperate in ensuring financial institution compliance with the OFAC Regulations. Financial institutions must monitor all financial transactions performed by or through them to detect those that involve any entity or person subject to the OFAC laws and regulations.
   
USA Patriot Act
A summary of the requirements under the Executive Order issued by the President, the USA Patriot Act (Executive Order 13224- Prohibiting Transactions with Terrorists), emerging implementing regulations and the effects all of this will have on your Dealership's policies, practices and overall operations.