What is the 'dealer entity' referenced in the Third Party Financed Sales Fee for Byrider franchises?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
rolling monthly average.
Third Party Financed Sales Fee. You shall pay to us $250 per contract sold or assigned at time of vehicle sale from your dealer entity to Third Party ("Third P
Source: Item 6 — Other Fees (FDD pages 21–32)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the 'dealer entity' referenced in the context of the Third Party Financed Sales Fee pertains to the franchisee's own dealership.
Specifically, Byrider franchisees are required to pay a $250 fee for each vehicle sale where the retail installment contract is sold or assigned from their dealership to a third party. This fee is termed the 'Third Party Financed Sales Fee'. This fee is due at the time of the vehicle sale.
This means that if a Byrider franchisee chooses to finance a vehicle sale through a third-party lender instead of Byrider's affiliated financing company, CNAC, they will incur this $250 fee. This fee is in addition to any other fees, such as the Bulk Sale of Accounts Fee, which is 1.9% of gross amounts of Byrider-originated consumer retail installment contracts sold to a third party. The franchisee should consider this fee when deciding whether to use third-party financing options.