881 Highway 49 S
Directions Richland, MS 39218

  • Sales: (844) 339-0509
  • Service: (844) 339-0525
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With so many franchises and independent dealerships, it can be confusing to know where you should purchase your next vehicle. On the one hand you want a good, reliable car and on the other hand you want to save as much money as possible. So which should you turn to? Understanding the fundamental differences between your two options can certainly help you make this important decision.

A franchise operates under a specific manufacturer and has signed a contract with them. This means the franchise must follow the manufacturer's policies and procedures, including the cost of the cars they sell. Manufacturers also mandate customer service practices such as providing a waiting area, coffee, and snacks. While these things certainly provide a level of comfort and convenience for consumers, they are not entirely free. A franchise may have some room to make their own decisions, but they still must comply with the manufacturer's policies. Also, a franchise keeps in their inventory primarily cars from the manufacturer with whom they have signed a contract, and also offer whatever trade-ins they have received.

An independent dealer does not have mandated pricing on their cars, usually offer a wider variety of vehicles and are able to offer better deals on the cars they sell. While some independent dealers certainly may offer coffee and refreshments, the lower volume of customers means they don't spend as much money on it, savings that are passed onto you.

With Net Auto you get the best of both worlds, without the markup typically associated with a franchise dealership. As an independent dealer, Net Auto is able to save you money by offering competitive pricing on a large selection of cars, with pricing based on the market value of the vehicle. As the car-buying service for our customers, Net Auto also saves you money by having the ability to purchase a vehicle from a franchise at wholesale pricing. In this regard, Net Auto also saves you a great deal of time and the hassles typically associated with purchasing from a dealership. Regardless of whether you purchase a vehicle from our inventory or from an outside dealership, you know you are getting the best price possible without the addition of outrageous fees. Combine this with the convenience of handling everything at our dealership, Net Auto really does have your back in every way possible!

WASHINGTON, D.C. - President Donald Trump took his first step toward making good on his promise to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, signing on Friday an executive order directing the secretary of the Treasury to review the 2010 financial oversight law.

The order directs the Treasury secretary to consult with members of regulatory agencies and the Dodd-Frank-created Financial Stability Oversight Council and report back to the president within 120 days (and periodically thereafter). The report, and all subsequent reports, will identify any laws and regulations that inhibit federal regulation of the U.S. financial system.

"Today we're signing core principles for regulating the United States financial system," Trump said after signing the order. "It doesn't get much bigger than this, right?"

The core principles his order lays out include regulations that "empower Americans to make independent financial decisions"; prevent taxpayer-funded bailouts; foster economic growth; enable American companies to be competitive in domestic and foreign markets; advance American interests in international financial regulatory negotiations; and "restore public accountability within federal financial regulatory framework."

"The Dodd-Frank Act is a disastrous policy that's hindering our markets, reducing the availability of credit, and crippling our economy's ability to grow and create jobs," said White House Press Secretary Sean Spicer during a press briefing. "Perhaps worst of all, despite all of its overreaching, Dodd-Frank did not address the causes of the financial crisis, something we all know must be done."

Enacted in response to the Great Recession, the Dodd-Frank Act created new regulations along with several new government enforcement agencies, including the Consumer Financial Protection Bureau (CFPB). While Trump's order isn't expected to have an immediate impact, it does set the stage for Trump to fulfill his campaign promise to repeal and replace the act. The likely replacement bill is the Financial CHOICE Act of 2016, which was introduced last year by Rep. Jeb Hensarling (R-Texas). It stands for "Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs."

 "I'm very pleased that President Trump signed this executive action, which closely mirrors provisions that are found in the Financial CHOICE Act to end Wall Street bailouts, end 'too big to fail,' and end top-down regulations that make it harder for our economy to grow and for hardworking Americans to achieve financial independence," said Hensarling. "Dodd-Frank failed to keep its promises, but President Trump is following through on his promise to the American people to dismantle Dodd-Frank. Republicans are eager to work with the president to end and replace the Dodd-Frank mistake …"

Repealing Dodd-Frank, however, doesn't necessarily mean the CFPB will be eliminated, as it exists independent of the law that created it. However, regulatory insiders say passage of the Financial CHOICE Act could weaken the bureau. A federal appellate court also ruled the bureau's single-director structure unconstitutional this past October, giving the president the power to remove Director Richard Cordray at will. The CFPB is appealing that decision.

Asked during Friday's  press briefing if the administration planned to keep Cordray, Spicer said he didn't have an announcement on the bureau. "That's an area that we need to work with Congress on," he said.

Contact

Net Auto

881 Highway 49 S
Directions Richland, MS 39218

  • Sales: (844) 339-0509
  • Service: (844) 339-0525
  • Parts: (844) 338-9451

Hours

  • Monday 9:00AM-7:00PM
  • Tuesday 9:00AM-7:00PM
  • Wednesday 9:00AM-7:00PM
  • Thursday 9:00AM-7:00PM
  • Friday 9:00AM-7:00PM
  • Saturday 10:00AM-5:30PM
  • Sunday Closed