The Federal Trade Commission (FTC) is a federal agency that actively aims to provide American consumers with the proper and needed protections across many different industries including the Auto Sales industry. Additionally, the FTC has also established regulations for car dealerships regarding auto sales add-ons, price and finance disclosures, and…
News
Bay Motor Finance’s Outlook for Vehicle Sales in 2023: Used or New Cars?
Due in part to the COVID-19 pandemic, the outlook for new car sales is less stable now than at any time since the production shutdowns…
Consumer Fraud in the Auto Industry is on the Rise
From duplicating keys to hacking into onboard security systems, there are many ways for criminals to steal a car. In most cases, that takes knowledge…
Auto Loan Delinquency Rates: What’s the Current Status?
COVID Relief brought stimulus money to people across the US. For some, it was a much-needed respite. It kept food on the table, the lights…
What is the Community Reinvestment Act’s Impact on Auto Finance?
At Bay Motor Finance, we feel it is essential to keep our clients informed of lending policies in the news, including the latest on the…
What You Need to Know about Vehicle Warranties
We’re protective of our things, more if they’re brand new. If it’s a new item that costs a lot of money, we take every step…
How to Easily Explain Dealership Financing to Your Customers
You have a client ready to buy a car––outstanding! They’ve picked out their new ride, are excited to drive it off the lot, and all…
