Auto dealers Sample Clauses

Auto dealers. This section applies to merchants classified in an auto dealer industry. The following requirements will apply to Charges for the down payment or the entire purchase price of new and used motor vehicles. You may accept the Card for down payment of a motor vehicle, subject to the following provisions: • You must not submit a Charge for the down payment price of a used motor vehicle unless and until you have a written agreement/xxxx of sale signed by the Cardholder setting forth the terms of the sale, including down payment price, and your cancellation policy. • In addition to its other Chargeback rights, American Express also has Chargeback rights for any portion of the Charge for the down payment price of a used motor vehicle which is disputed by the Cardholder, if such disputed charge cannot be resolved in your favor based upon unambiguous language contained in the written agreement/xxxx of sale. • Should a Cardholder exercise his or her right to rescind the written agreement/xxxx of sale during any rescission period set forth in the Cardholder's agreement with you or at law, you shall submit a Credit to us promptly. • if American Express has classified you as an auto dealer of used motor vehicles exclusively, the down payment must not exceed 50% of the full purchase price of the motor vehicle. • If the Cardholder denies making or authorizing the Charge, American Express will have Chargeback rights for such Charge in addition to our other Chargeback rights. You may also accept the Card for the entire purchase price of a new or used motor vehicle, subject to the following provisions: • You are classified as an auto dealer of new or new and used motor vehicles (i.e. Your dealership sells new motor vehicles exclusively or both new and used motor vehicles). • The amount of the Charge does not exceed the total price of the motor vehicle after deduction of applicable discounts, taxes, rebates, cash down payments, and trade-in values. • You must not submit a Charge for the entire purchase price of a new or used motor vehicle unless and until you have a written agreement/xxxx of sale signed by the Cardholder setting forth the terms of the sale, including purchase price, delivery date and your cancellation policy. • In addition to other Chargeback rights, American Express also has Chargeback rights for any portion of the Charge for the entire purchase price of a new or used motor vehicle which is disputed by the Cardholder, if such disputed Charge cannot be resolv...
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Auto dealers. The National Automobile Dealers Association (NADA), founded in 1917, represents more than 17,000 new car and truck dealers, both domestic and import, with more than 37,500 separate franchises. Today, more than 91% of U.S. new-vehicle dealers are NADA Members. According to the National Automobile Dealers Association (NADA), new vehicle sales account for more than half of total sales revenue at franchised new car and new truck dealers. These sales also generate additional revenue in other departments of new car dealers, which are more profitable to the dealer. By putting new vehicles on the road, dealers can count on new repair and service customers and future trade-ins of used vehicles. To better understand why XxxxxXxxxx.xxx works it is important to understand how auto dealerships make money. The following describes the many ways auto dealers make money:  Xxxx Up - This is the most obvious ways a car dealer makes a profit. The difference between the dealer cost (invoice) and MSRP is typically 5-10%.
Sample 1

Related to Auto dealers

  • Dealer The seller of automobiles or light trucks that originated one or more of the Receivables and assigned the respective Receivable, directly or indirectly, to Ally Bank under an existing agreement between such seller and Ally Bank. Dealer Agreement: An existing agreement between Ally Bank or one of its Affiliates and a Dealer with respect to a Receivable. Default: Any occurrence that is, or with notice or the lapse of time or both would become, an Event of Default.

  • Provider If the Provider is a State Agency, the Provider acknowledges that it is responsible for its own acts and deeds and the acts and deeds of its agents and employees. If the Provider is not a State agency, then the Provider agrees to indemnify and save harmless the State and its officers and employees from all claims and liability due to activities of itself, its agents, or employees, performed under this contract and which are caused by or result from error, omission, or negligent act of the Provider or of any person employed by the Provider. The Provider shall also indemnify and save harmless the State from any and all expense, including, but not limited to, attorney fees which may be incurred by the State in litigation or otherwise resisting said claim or liabilities which may be imposed on the State as a result of such activities by the Provider or its employees. The Provider further agrees to indemnify and save harmless the State from and against all claims, demands, and causes of action of every kind and character brought by any employee of the Provider against the State due to personal injuries and/or death to such employee resulting from any alleged negligent act by either commission or omission on the part of the Provider.

  • Special Services Should the Trust have occasion to request the Adviser to perform services not herein contemplated or to request the Adviser to arrange for the services of others, the Adviser will act for the Trust on behalf of the Fund upon request to the best of its ability, with compensation for the Adviser's services to be agreed upon with respect to each such occasion as it arises.

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