Is there a Related Finance Company (CNAC) Worksheet included in the Byrider 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 Related Finance Company (CNAC) Worksheet is included as part of the exhibits. Specifically, it is listed as exhibit A.6a. This worksheet is one of many exhibits that Byrider franchisees will need to familiarize themselves with as they relate to the operation of the franchise and the relationship with CNAC.
CNAC, or CarNow Acceptance Company, is referenced in the FDD as having a close relationship with Byrider. CNAC also provides training for its personnel, including underwriters, finance managers, account representatives, and portfolio managers. The training covers the Byrider/CNAC business model, operating standards, collection techniques, and legal issues associated with collections.
The inclusion of the CNAC Worksheet as an exhibit suggests its importance in understanding the financial relationship between the Byrider franchise and CNAC. A prospective franchisee should carefully review this worksheet to understand its implications for their business operations and financial responsibilities.