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The F&I Newsletter

 

Stories that appeared in our weekly F&I Report Newsletter

 
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Honda, Toyota, Nissan captives face charges of discrimination, report says

UPDATED: 7/1/15 4:37 pm ET - adds statements |

The captive finance arms of Honda, Toyota and Nissan may have to limit how much they allow dealers to increase the cost of auto loans after regulators accused the lenders of unintentional discrimination against minority consumers.

 

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Michigan Chevy store wins dispute with customer over $10,000 down payment

11:00 am U.S. ET | July 1 |

A Detroit-area Chevy dealership is entitled to the $10,000 down payment it failed to collect from a vehicle buyer, the Michigan Court of Appeals has ruled. The promise to ...

 

Dealers feel the need for speed in F&I

11:00 am U.S. ET | July 1 |

Where do you see the greatest opportunity for improvement in your dealership's F&I operations? Asked that question, Mary Byrne, a one-time retired dealer who now is the g ...

 

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Despite convenience, electronic registration is tough sell in many states

11:15 am U.S. ET | July 1 |

In 28 states, car buyers can drive off dealers' lots with their license plates in position and registration forms in hand, thanks to electronic registration at dealership ...

 

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After 18 months, CFPB readies to reimburse Ally customers

11:30 am U.S. ET | July 1 |

In early 2014, Ally Financial, as part of a settlement over alleged discrimination in auto lending, submitted a list of potentially affected customers to the Consumer Fin ...

 

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Q&A

What Tuttle-Click stores look for in lenders

11:00 am U.S. ET | July 1 |

Bill Paschen, finance director at Tuttle-Click Automotive Group, says the ideal lender offers aggressive programs to help sell light vehicles, help dealers make money on ...