You can't let legal compliance slide when times are tough, but perhaps you can make your compliance dollars go farther. Think about taking some of the following steps:
2) Have your compliance officer build a free (or nearly free) compliance library by reviewing the materials offered by the National Auto Dealers Association and by your state auto dealers association. You will find many very useful and well-done legal resources from these organizations at a fraction of the cost of having your own lawyer develop them.
3) Have your compliance officer review the Web sites of the Federal Trade Commission, your state's motor vehicle administration (or whatever they call the similar agency in your state), your state's consumer protection agencies and the site of your state's attorney general. These sites often contain very useful, and free, information that will have a direct bearing on your dealership's legal operations.
4) The sites mentioned above are not static; you need to check them periodically for new information. Your compliance officer can use the calendar program in Outlook (or some similar program) to provide a reminder to review these sites every 30 days or 60 days.
Swapalease.com’s latest report show U.S. lease approval rates improved slightly to 70.9% in October following a 3.9% dip in September.