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Solutions home Dealership knowledge base

No Interest Deferred Payment Plan (NIDPP)

Is the Selling Dealer required to remit any funds regarding the certificates sold under the NIDPP program?
The Selling Dealer is responsible to remit funds to the Administrator for the invoiced Contract Administration Fee. The Administrator will be collecting the...
Mon, 16 Jan, 2023 at 6:51 PM
How does the Administrator calculate the cancellation chargeback resulting from a cancellation due to payment default?
The cancellation chargeback is calculated by the following method:   Total Selling Dealer Markup * Pro-Rated Refund % less any funds received in excess of...
Tue, 17 Jan, 2023 at 11:20 AM
What happens to the NIDPP plan once a VLPP request is initiated ?
The No Interest Deferred Payment Plan (NIDPP) is placed on hold. As the customer must pay in full to use the membership, any remaining balance (if applicabl...
Mon, 1 Mar, 2021 at 12:33 PM