Does Byrider provide a checklist related to CNAC repossessions as part of the 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 |
| 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 |
Source: Item 23 — Receipts (FDD pages 88–335)
What This Means (2025 FDD)
According to Byrider's 2025 Franchise Disclosure Document, a CNAC Repossession Checklist is included as part of the exhibits. Specifically, Exhibit A.23a is titled "CNAC Repossession Checklist." This checklist is likely designed to help Byrider franchisees and their staff ensure they are following proper procedures and legal requirements when repossessing vehicles financed through CNAC (CarNow Acceptance Company).
Having a standardized checklist can be beneficial for several reasons. It helps to maintain consistency in the repossession process across all franchise locations, reducing the risk of errors or omissions that could lead to legal issues. It also serves as a training tool for new employees involved in collections and repossessions, ensuring they understand the steps they need to take.
For a prospective Byrider franchisee, the existence of a CNAC Repossession Checklist suggests that Byrider has systems in place to manage the complexities of vehicle repossessions. This can provide some reassurance that the franchisee will receive guidance and support in navigating this potentially challenging aspect of the business. However, it is important for the franchisee to carefully review the checklist and understand all applicable laws and regulations to ensure full compliance.