<< Click to Display Table of Contents >> Reserve as a Percent of the Amount to Finance |
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*Selecting Lien Holder Defaults :
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:
EXAMPLE:
Amount to Finance - $10,000
Percent of Amount to Finance – 5%
Amount Earned on reserve / participation - $500.00