Amendment to Dealer Agreement

Total Page:16

File Type:pdf, Size:1020Kb

Amendment to Dealer Agreement

Amendment to Dealer Agreement

This amendment to the existing dealer agreement is made between Sierra Credit Corporation, hereinafter referred as the Company and ______, hereinafter referred as the Dealer. The parties agree as follows:

1) The Company defines a first payment default as an account where the first payment is past due 11 days or more from the date disclosed on the contract. The company will consider this account in default and reserves the right to repossess the vehicle immediately. 2) The Company may, at its choosing, decide to accept a payment on the account. If the company decides to accept a payment, it will only do so in our corporate office located at 1245 San Fernando Rd., Ste 201, San Fernando, CA 91340. This payment must be made in cash, in person by the customer listed on the sales contract only. The Company will NOT accept any payments by mail or made at the Dealer. 3) If we repossess the vehicle, the company will consider said account an unwound deal. The contract must be bought back by the Dealer by returning to the Company the total amount that the Company paid the Dealer at the time of contract purchase plus all costs incurred by the Company to repossess, secure, tow, and / or deliver the vehicle to the Dealer. 4) The buyback check shall be delivered to the Company within seventy two (72) hours after the car has been secured by the Company. 5) The Company will not release any more checks to the Dealer until any outstanding buybacks are satisfied to the Company.

In Witness Thereof, this Agreement is made and dated ______at San Fernando, California.

SIERRA CREDIT CORPORATION Dealership______

______Signature: ______Ariel Rosso To be signed by Owner, Partner or President Chief Financial Officer Print Name:______

Title: ______Proprietor: Owner / Partnership: Partner / Corporation: President

Recommended publications