DOWN PAYMENT RATIO. A. Obligors on all Contracts must be required to have made a down payment (cash plus net trade-in allowance) of at least 10% of the Dealer's cost (excluding sale preparation expenses) in the Financed Vehicle.
Appears in 7 contracts
Samples: Master Contract Purchase Agreement (Sovereign Credit Finance Ii Inc), Indenture (Sovereign Credit Finance I Inc), Indenture (Sovereign Credit Finance Ii Inc)