Reinsurance X Offers Timely Solution to Tax Concerns
National Automotive Experts has released ‘A New Reinsurance Plan for Uncertain Times,’ a new whitepaper addressing the implications of the Trump administration’s tax reform on several dealer participation programs and detailing Reinsurance X, the company’s new alternative.
A new whitepaper from National Automotive Experts and NWAN details Reinsurance X, a new participation model designed to meet dealer expectations while reconciling new taxation guidelines.
Photo courtesy National Automotive Experts/NWAN
STRONGSVILLE, Ohio — The reinsurance team at National Automotive Experts and NWAN today announced the release of “A New Reinsurance Plan for Uncertain Times,” a new, free, downloadable whitepaper for auto dealers.
The whitepaper is comprised of two parts:
Part I breaks down the effects of the Trump administration’s Tax Cuts and Jobs Act on various traditional reinsurance programs.
Part II describes how NAE/NWAN’s new solution, Reinsurance X, helps address the changes in the tax code by offering predictable tax results — no matter which reinsurance model a dealer currently uses.
“Today’s dealers have different needs, and expectations than they did five or 10 years ago, and therefore need a reinsurance structure built to meet their current needs,” said Ryan Nelson, the company’s vice president of business development. “We know Reinsurance X and Dealer Investment Advantage provide a best-of-all-worlds scenario by allowing dealers to maximize the many benefits of F&I participation structures.”
To download “A New Reinsurance Plan for Uncertain Times” for no charge, click here.
Originally posted on Auto Dealer Today
More Compliance
A Continuing Antediluvian Dealer Fraud: Payment Packing
The longtime illegal practice, which can take many forms, can get a dealer and its employees in deep trouble. It’s a good idea to determine if anyone in your stores is doing it and to weed it out if so.
Read More →
Line 1 Is Not a Junk Drawer
Rolling products into the cash price — even if the bank told you to — misrepresents the vehicle’s value and runs afoul of four federal laws.
Read More →
Dueling Banjos in the Car Biz
Reports and accounts at variance show auto dealers’ trust profiles have risen in many consumers’ minds but that there remains a need for greater transparency by some.
Read More →
NADA and the Miracle on 34th Street
Automotive dealers should follow the National Automobile Dealers Association's consumer-friendly guidelines in order to minimize their legal risks.
Read More →
Another Look at a Recent Data Breach
Get caught up on the most pressing legal and regulatory matters facing dealers and F&I professionals, including data security, shotgun purchases, and inconsistent payment quotes.
Read More →
The Best Thing a Dealer Can Do to Avoid Legal Problems
Citing the issue is a strategy borrowed from the legal field itself.
Read More →
Fines of the Times
Civil penalties for noncompliance with federal auto retail and finance rules and regulations can add up quickly. Use this checklist to cover your bases.
Read More →
Goodwill and Car Dealers
A dealer goodwill tale is a cautionary tale worth paying attention to.
Read More →