I was speaking with an auto dealer recently who operates a BHPH dealership in the mid-west. He asked me if I would take a quick look at his delivery documents. Instantly, I knew his paperwork was terrible. When asked where he obtained his paperwork, he answered, “from a guy who stops by and sells oil pens, mirror hangers, and tire shine.” Needless to say, he was horrified when I advised that he likely didn’t have sufficient paperwork to legally repossess any of his delivered vehicles (in the event of non-payment). This was somewhat of a problem for the gentlemen since he has over 300 cars on the books.

Where do you get your paperwork? How do you know it is compliant?

If you have a question regarding your paperwork, send a message to me on Auttr.com or an email to lj@ljking.com.

Remember, often doing it right is easier than doing it wrong!

Have a great day!

L.J. Marhefka
L.J. King and Associates
email LJ@LJKing.com