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Finance & Insurance
22 posts
Balloon payment can reduce terms by 21 percent
Instead of longer terms to reduce payments for consumers, there is another option to try. You can reduce…
Learn Strategies to Combat Challenging Times during NIADA Accelerate 2023
Every dealer, no matter their size, are facing the same familiar obstacles. With interest rates continuing to increase…
Fed raises interest rates to highest point since 2007
Interest rates are rising once again, hitting their highest point since 2007. The Federal Open Market Committee Wednesday…
NIADA partners with SecureClose
SecureClose LLC, which provides an automated avatar loan closing system for a legally compliant, consistently transparent closing every…
Fed raises rates by 25 basis points; expect more hikes
Interest rates will continue to climb, as the Federal Reserve’s efforts to bring down inflation marches on. The…
Fed hikes rates half-point
At its meeting Wednesday, the Federal Open Market Committee raised federal funds rates by half a point. The…
Compliance guidance for the revised FTC safeguards rule
Data breach after data breach, the FTC enforced its own Safeguards Rule, which took effect in 2003. Witnessing…
Changes to the safeguards rule and how it applies to your dealership
The Safeguards Rule is part of the Gramm-Leach-Bliley Act, and it requires financial institutions to protect the information…
Generate revenue with F&I products
Selling cars is the core focus of every dealership, but there are opportunities for dramatic increases in revenue…
Time to go CPO
Historically, independent dealerships have not participated in certified pre-owned vehicle programs at high levels. Pre-pandemic, the participation rate…
