Reserve as a Percent of the Amount to Finance

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Reserve as a Percent of the Amount to Finance

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*Selecting Lien Holder Defaults :

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A)The Percentage of the amount to finance that’s held back by lien holder.

 

*Below is what the actual sales screen looks like when using the Flat Amount method:

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EXAMPLE:

Amount to Finance - $10,000

Percent of Amount to Finance – 5%

Amount Earned on reserve / participation - $500.00

 

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