ORLANDO, Fla. -- MenuVantage has released a California Car Buyer’s Bill of Rights disclosure tool built into its Web-based menu-selling system. The new feature provides dealers with a tool to automatically comply with California AB 68.
California AB 68, the California Car Buyer’s Bill of Rights, requires detailed new disclosures to prevent payment packing. That practice occurs when dealerships include F&I products in a vehicle purchase contract without a customer's knowledge. Dealerships also will be required to make credit scores and their explanations available to consumers.
The MenuVantage compliance tool enables dealers to meet these requirements by providing the dealership with a simple tool to ensure full disclosure to each customer and a means to prove that they are doing everything right — that every penny in every deal is accounted for.
"MenuVantage is proud to be the first system to go live with an F&I compliance tool for California AB 68. We have a great advantage in that our CEO is an automotive trial attorney and thus maintains a company focus on legal compliance," said MenuVantage Chief Marketing Officer Phillip Battista.
"The MenuVantage system gives a comfortable compliance starting point that is easy for the customer to see and F&I Manager to explain," Battista added. "Legally it’ll disclose everything to the customer from the beginning and show base payment, interest rate and term. It makes the F&I Manager and General Manager feel confident both in compliance and selling."
