Lobel Financial Dealer Agreement

Lobel Financial Dealer Agreement: What You Need to Know

If you`re a dealership looking to work with Lobel Financial, it`s important to understand their dealer agreement. This agreement outlines the terms and conditions for financing vehicles through Lobel Financial, and understanding it can help ensure a successful partnership.

Here are some key points to know about the Lobel Financial dealer agreement:

1. Eligibility Requirements

To be eligible to work with Lobel Financial, dealerships must meet certain requirements. These include having a valid business license, being in good standing with the state and federal government, and having a physical location where customers can visit to purchase or lease vehicles.

2. Rates and Fees

Lobel Financial offers competitive rates and fees for financing vehicles. It`s important to understand the interest rates and fees associated with each transaction to ensure that you`re making a profit on each sale.

3. Payment Terms

The dealer agreement outlines the payment terms for financing through Lobel Financial. Dealerships will receive a percentage of the financing amount for each vehicle sold, and are responsible for collecting all payments from customers. It`s important to understand the payment schedule and terms to ensure that your dealership is receiving timely payments.

4. Compliance Requirements

Lobel Financial requires dealerships to comply with various regulations and guidelines to ensure that each transaction is legal and ethical. This includes providing accurate information to customers and ensuring that all documentation is complete and accurate.

5. Customer Service

Lobel Financial prides itself on providing excellent customer service to both dealerships and customers. The dealer agreement outlines the expectations and requirements for customer service, including responding to inquiries and resolving issues in a timely manner.

Working with Lobel Financial can be a great way to provide financing options to your customers and increase sales. By understanding the dealer agreement and meeting the eligibility requirements, you can ensure a successful partnership with Lobel Financial.