Reynolds Offers F&I Documents to Help Ontario Dealers Comply with HST Law
MISSISSAUGA, Ontario — Reynolds and Reynolds Canada is rolling out new documents designed to aid Ontario dealers in complying with the new Harmonized Sales Tax laws.
These documents, which are newly designed, will be marketed under Reynolds' LAW brand name. Their purpose is to help Canadian dealers more easily and efficiently adhere to guidelines governing F&I department documents.
For help in creating the documents, Reynolds turned to Gowlings, which is a Canadian law firm that has expertise in the financial services arena.
"We've taken a lead in developing updated and revised F&I documents that meet the new provincial legislative mandates and still keep automobile dealers in Ontario compliant and efficient in their F&I operations," said Jerry Kirwan, senior vice president of Integrated Documents Solutions for Reynolds.
"With the new Reynolds F&I forms, dealerships won't need to learn a new process for handling F&I paperwork or worry about meeting the government's latest regulations. They can focus on selling and servicing cars," he added.
The revamped and updated documents include:
—Motor Vehicle Purchase Agreement.
—Lease Agreement.
—Offer to Lease.
—Rental Agreement.
—Loaner Agreement.
—Vehicle Information Form.
"One of our strengths is the long-standing relationship we have with our customers. Dealerships know Reynolds and rely on our documents and compliance experts to provide the forms the dealerships need," Kirwan noted. "We are doing so again in response to the new regulatory changes."