Auto dealers Clause Samples
The 'Auto dealers' clause defines the rights, responsibilities, or specific terms that apply to automobile dealerships within a contract. This clause may outline requirements for authorized sales, service standards, or compliance with manufacturer policies, and could specify conditions under which a dealer may sell certain vehicles or use trademarks. Its core practical function is to ensure that both the auto manufacturer and the dealer understand their obligations and limitations, thereby reducing disputes and maintaining consistent business practices.
Auto dealers. This section applies to merchants classified in an auto dealer industry.
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 ▇▇▇▇▇▇▇▇▇▇.▇▇▇ works it is important to understand how auto dealerships make money. The following describes the many ways auto dealers make money: ▇▇▇▇ 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%.
Auto dealers. You may accept the Card for: (i) down payment of a motor vehicle, subject to the following provisions: (a) you must not submit a Charge for the down payment price of a used motor vehicle until you have a written agreement/▇▇▇▇ of sale signed by the Cardmember setting forth the terms of the sale, including down payment price, and your cancellation policy. In addition to our other Chargeback rights, we also have Chargeback rights for any portion of the Charge for the down payment price of a used motor vehicle which is disputed by the Cardmember, if such Disputed Charge cannot be resolved in your favor based upon unambiguous language contained in the written agreement/▇▇▇▇ of sale; (b) should a Cardmember exercise his or her right to rescind the written agreement/▇▇▇▇ of sale during any rescission period set forth in the Cardmember’s agreement with you, you shall submit a Credit to us promptly; (c) if we have classified you as an auto dealer of used motor vehicles exclusively, the down payment may not exceed 50% of the full purchase price of the motor vehicle; and (d) if the Cardmember denies making or authorizing the Charge, we will have Chargeback rights for such Charge; (ii) the entire purchase price of a new or used motor vehicle, subject to the following provisions: (a) we have classified you as an auto dealer of new motor vehicles exclusively or of both new and used motor vehicles; (b) 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; (c) you must not submit a Charge for the entire purchase price of a new or used motor vehicle unless you have a written agreement/▇▇▇▇ of sale signed by the Cardmember setting forth the terms of the sale, including purchase price, delivery date and your cancellation policy. We have 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 Cardmember, if such Disputed Charge cannot be resolved in your favor based upon unambiguous language contained in the written agreement/▇▇▇▇ of sale; (d) should a Cardmember exercise his or her right to rescind the written agreement/▇▇▇▇ of sale during any rescission period set forth in the Cardmember’s agreement with you, you shall submit a Credit to us promptly; and (e) if the Cardmember denies making or authorizing the Charge and you have not transferred title or physical possession of t...