Does Byrider include a worksheet for Maximum Finance Charge Rate in its exhibits?
Byrider Franchise · 2025 FDDAnswer from 2025 FDD Document
| Confidentiality and Non-Disclosure Agreement | A.1a |
|---|---|
| Laws applicable to the retail sales and financing of vehicles | A.2a |
| Addendum to the Byrider Confidential Operating Manual (Ohio operators only) | A.3a |
| Addendum to Byrider Confidential Operating Manual (Kentucky operators only) | A.4a |
| Dealership Daily Duty Roster | A.5a |
| Related Finance Company (CNAC) Worksheet | A.6a |
| Board of Director's Consent Resolution and Exhibit A | A.7a |
| Agreement to Purchase Automobile Contracts | A.8a |
| Financing Services Agreement | A.9a |
| Requirements from the ECOA | A.10a |
| Byrider Franchising Forms Program | A.11a |
| Limited Warranty Coverage (Repairs Covered) | A.12a |
| Maximum Finance Charge Rate worksheet | A.13a |
| Servicemembers Civil Relief Act (SCRA) | A.14a |
| Byrider Deal Jacket Checklist | A.15a |
| CNAC Deal Jacket Checklist | A.16a |
| Collection abbreviations | A.17a |
| Field Call Log | A.18a |
| Skip Sheet | A.19a |
| Legal terms associated with bankruptcy | A.20a |
| Reaffirmation Agreement (October, 2005 Bankruptcy Law) | A.21a |
| Proof of Claim | A.22a |
| CNAC Repossession Checklist | A.23a |
| CNAC Inventory of Personal Items | A.24a |
| Katz, Sapper & Miller letter: Reporting Discharge of Indebtedness Under I.R.C. 6050P | A.25a |
| Customer 1099-C cover letter | A.26a |
| Collection Call Monitoring form | A.27a |
| Predictive Index (PI) Survey | A.28a |
| What can and can't I ask in an interview | A.29a |
| Non-Competition Agreement | A.30a |
| Page intentionally left blank | A.31a |
| Byrider/CNAC Anti-Money Laundering Plan | A.32a |
| Byrider/CNAC Whistleblower Policy | A.33a |
| Byrider/CNAC Fair Credit Policy & Acknowledgement | A.34a |
| Byrider/CNAC Red Flag and Identity Theft Program | A.35a |
| Gramm Leach Bliley Act Chief Privacy Officer Guide | A.36a |
| Buyer's Auction Log | A.37a |
| Inventory Log Book | A.38a |
| Byrider Vehicle Categories | A.39a |
| Comprehensive Inspection Requirements | A.40a |
| Vehicle Lot Ready Report | A.41a |
| This Vehicle Not for Sale sign | A.42a |
| Notice of Incompleteness letter | A.43a |
| Daily Driving Log | A.44a |
| Shop Maintenance Schedule | A.45a |
| Medical Supply Order Form | A.46a |
| Service Safety Meeting | A.47a |
| New Vehicle Check In Sheet | A.48a |
| Vehicle Repair Installment Contract | A.49a |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, a Maximum Finance Charge Rate worksheet is included as part of the exhibits. Specifically, it is listed as exhibit A.13a within Appendix A of Item 23, which details the receipts. This suggests that Byrider provides franchisees with a tool to calculate and comply with the maximum finance charges applicable in their respective locations.
For a prospective Byrider franchisee, this inclusion is beneficial as it offers a structured approach to understanding and adhering to finance charge regulations. The worksheet likely provides a template or guide to ensure that the franchisee's finance charges do not exceed legal limits, reducing the risk of non-compliance and potential legal issues. This is particularly important in the Buy Here Pay Here industry, where finance charges are a significant aspect of revenue generation.
The presence of this worksheet indicates that Byrider is proactive in providing resources to help franchisees navigate the complexities of vehicle financing. Franchisees should familiarize themselves with this worksheet and ensure its proper use in their daily operations. It would be prudent for potential franchisees to review the worksheet during their due diligence to fully understand its application and any associated obligations.
It is important to note that while the FDD indicates the inclusion of this worksheet, the specific content and format of the worksheet are not detailed in the excerpt. A prospective franchisee should carefully examine the actual worksheet provided in the FDD to understand its functionality and applicability to their specific circumstances and location.