Get the free Dealer fun ding checklist - Pelican Auto Finance LLC

DEALER FUN DING CHECKLIST Effective 12/28/2015 PLEASE NOTE: ALL PAPERWORK SHOULD BE ASSIGNED TO PELICAN AUTO FINANCE, LLC Original Approval Sheet Amount financed on Approval must be within $25 of

How to fill out dealer fun ding checklist

How to fill out a dealer funding checklist:

1. Gather all necessary documents: Make sure you have all the required paperwork such as financial statements, tax returns, sales records, and any other relevant documents related to your dealership's funding.
2. Review the checklist thoroughly: Familiarize yourself with the checklist and understand each item on it. This will ensure that you provide accurate and complete information.
3. Start with basic information: Begin by filling out the basic information section, which usually includes your dealership name, address, contact details, and legal identification numbers.
4. Financial information: Provide the required financial information such as revenue figures, profit margins, expenses, and cash flow. Make sure all the numbers are accurate and up to date.
5. Sales performance: Include details of your sales performance, including the number of vehicles sold, average selling price, and any incentives or discounts offered.
6. Marketing and advertising efforts: Provide information about your marketing and advertising strategies, including campaigns, social media presence, and any collaborations or partnerships.
7. Inventory: List your current inventory and its value. This includes both new and used vehicles.
8. Compliance and legal matters: Answer any questions related to compliance and legal matters honestly and accurately. This may include questions about the dealership's licenses, certifications, and regulatory compliance.
9. Additional documentation: Attach any additional documents required by the checklist, such as insurance policies, warranties, or contracts.

Who needs a dealer funding checklist?

1. New dealership owners: If you are starting a new dealership, a funding checklist can be extremely helpful in ensuring you have all the necessary information and documentation to secure funding from lenders or investors.
2. Existing dealership owners: Even if you already have an established dealership, a funding checklist can serve as a useful tool to review your financial health and identify areas for improvement. It can also be helpful if you are looking to expand your business or seek additional funding for expansion projects.
3. Financial institutions and investors: Lenders and investors will often request a dealer funding checklist to assess the financial viability and creditworthiness of a dealership. Providing a well-prepared and accurate checklist can improve your chances of securing funding.

In summary, filling out a dealer funding checklist involves gathering the required documents and providing accurate information about your dealership's financials, sales performance, marketing efforts, inventory, and compliance. The checklist can be useful for both new and existing dealership owners as well as financial institutions and investors who are considering providing funding.

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What is dealer funding checklist?

Dealer funding checklist is a document used to track the funding received by dealers from various sources.

Who is required to file dealer funding checklist?

Dealers who receive funding from different sources are required to file the dealer funding checklist.

How to fill out dealer funding checklist?

The dealer funding checklist can be filled out by providing detailed information about the sources of funding received by the dealer.

What is the purpose of dealer funding checklist?

The purpose of dealer funding checklist is to ensure transparency and accountability in the funding received by dealers.

What information must be reported on dealer funding checklist?

The dealer funding checklist must include details of all funding received, including the source, amount, and purpose of the funding.