Outside Financing
The following forms are REQUIRED by state and federal laws for outside financing deals:
- Finance Contract
- Buyer's Guide
- Title (Proof of Ownership)
- Title and Registration Application
- Secure Odometer Statement
- Power of Attorney
- Privacy Policy
In addition to the above required forms, it is HIGHLY RECOMMENDED that you also use the following additional forms for in-house financing deals:
- Implied Warranty Merchntability Disclosure This form should be part of every sale.
- Delivery Confirmation This form should be part of every sale.
- Good Will Repair Acknowledgement This form would be used if you agree to fix the customers car at no charge. It is very important to use this form; because if you do not, you could be responsible for fixing everything that goes wrong with vehicle at no charge for the rest of the vehicles life.
- Credit Application This form should be part of every sale.
- Insurance Coverage Acknowledgement This form should be part of every sale.
In addition to the above forms the following forms may also be required:
- Federal Form 8300 This is a federal form and is required when ever the total cash received exceeds $10,000.
- Arizona Form 5000. Non-Resident Sale. This form is used when ever you sell a vehicle to a non-resident.
- Arizona Form 5010. Indian National Sale. This form is used when ever you sell a vehicle to an indian national.
