Where can I find the Acceptance and Assumption of Obligations document for Byrider?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
Byrider Franchising Partners may allow you to operate the CNAC finance division through a separate entity, but if Byrider Franchising Partners does, such entity will be required to sign the Acceptance and Assumption of Obligations (see Exhibit F).
Source: Item 1 — (FDD pages 11–13)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, the Acceptance and Assumption of Obligations document (Exhibit F) is required if Byrider Franchising Partners allows a franchisee to operate the CNAC finance division through a separate entity. In this case, that separate entity must sign the Acceptance and Assumption of Obligations.
This document is relevant because Byrider Businesses include both a sales division and a finance division (CNAC). The sales division operates as a used vehicle retail sales dealership, while the CNAC finance division operates as an auto financing provider. These divisions are distinct and must be funded and operated separately by the franchisee.
For a prospective franchisee, this means that if you operate the CNAC finance division through a separate legal entity, that entity will be required to sign the Acceptance and Assumption of Obligations document. This likely outlines the responsibilities and liabilities the separate entity assumes in operating the finance division under the Byrider franchise.