What is the Byrider's 'BEST PRACTICE' recommendation before making a decision to repossess a vehicle?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| Purpose | 9.1 |
|---|---|
| Overview | 9.1 |
| Why does CNAC repossess? | 9.1 |
| BEST PRACTICE: Repossession | 9.1 |
| Before making a decision to repossess | 9.2 |
| BEST PRACTICE: Storing repossessed vehicles | 9.2 |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the document provides a table of contents that includes a section regarding 'BEST PRACTICE: Repossession' and 'Before making a decision to repossess'.
However, the excerpt does not specify the actual best practices Byrider recommends before repossessing a vehicle. The table of contents only points to section 9.2 for this information, but the actual guidance is not included in the provided documentation.
A prospective Byrider franchisee should consult the full FDD and ask the franchisor directly about the specific steps and considerations involved in Byrider's recommended best practices for repossession decisions. This will ensure they understand the company's policies and procedures for handling delinquent accounts and repossessing vehicles in a compliant and ethical manner.