Dealer Program

FAQ

• Why should we work with Quality Acceptance?

  Quality Acceptance has been a trusted lender for over 17 years. We work closely with our dealers to develop long lasting, quality relationships, while providing a personal presence at the dealership. Our experienced representatives are readily available to guide our dealers through the retail installment contract process step-by-step; we assist our dealers with what they need to get the deal funded, how to prepare a retail installment contract, budget case loads, and predict market demands and pricing. We see our dealers as partners and we are available when you need us!
  
  Not only do we offer great customer service, we have an excellent rating with the Better Business Bureau and we give back to the community through various socially responsible programs. When you work with Quality Acceptance you aren’t just helping your business, you are building a better community.

• What is the down payment requirement?

  Quality Acceptance requires a minimum down payment of 10% of the vehicle sale price which can be satisfied by either cash or trade equity. Please note that there are unique situations which may require a larger down payment.

• How long does it take for Quality Acceptance to fund a deal?

  Complete and clean contract packages will often fund the same day. For deals that require more consideration they will typically be funded within 48 hours, as long as the contract package is completed with all of the necessary documents. Incomplete contract packages will cause a delay in funding.

• What if my customer is past due on their mortgage, or is currently doing a retail installment contract modification?

  Even if your customer is late on their existing mortgage or in the process of doing a retail installment contract modification we will review each situation individually when we make our underwriting decision. Taking the time to review each and every deal and deciding what is right based off of individual circumstance is what sets us apart from the competition.

• Can we still retail installment contract to a customer who does not receive a paystub?

  Yes, we can! Many times our customers are self employed or work jobs where they do not receive a traditional proof of income, such as a year to date pay stub. As each of our customers are reviewed on a case-by-case basis we can work with unconventional proof of income, such as cancelled checks and/or bank statements.