Pre-Owned Inventory
Highlights and Requirement / Polaris Acceptance
All requests should be submitted to PA via the link to the "Pre Owned Loan Request form". Bill of Sale signed by the customer should be attached
to the form or faxed to our Account Manager on Trade-in's. We reserve the right to request proof of clear title.
Polaris Acceptance continues to reserve the right to modify the program from time to time with or without notice to the Dealer.
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Purchase Type: Trade In: Unit taken as part of product purchase.
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Purchase Type: Pre-Owned/Used: Unit acquired in Open-Used purchase
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Purchase Type: Auction: Unit Acquired via Auction sale
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Eligible Dealers: All New / Existing PA dealers in good standing
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Minimum Advance Amount: Minimum $1M per unit
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Max Advance Rates: May advance up to the maximum amounts (or any amount less on Trade and Used)
indicated where the advance is the lower of the "Clear Wholesale" or trade-in allowance/ purchase price. Auction
purchases 100%, Trade-In 100% (Bill of Sale required) Used 85% (with Trade/Used based on clear wholesale value - see table below).
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Eligible Collateral: Motorcycles, Scooters, ATV/UTV, RGR, NEV, Personal Watercraft, Snowmobiles (No more than 7 years old)
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Collateral Valuation Method: Used/Trade-in Valuation based on industry guide (NADA). Auction valued at Auction sale
price financed. For units too recent (current year) advance 85% of OLV as determined by wholesale invoice price. Trade transaction
always funded at the lower of the trade in allowance/purchase price or NADA/auction value. Accessories are not included in the unit
price
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Curtailments & DIF Structure: Standard of all MSP: 15% at 90 days, 10% at 180 days, 10% at 270 days, 15 % at 360 days DIF 420
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Standard Pre Owned Documentation: Dealer must be able to provide a copy of signed Consumer Bill of Sale to receive 100% advance on Trade-in units
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Operation Controls: Dealer may send requests for Used/Trade-in advances via the on-line application. Trade-in/Used advances
are to be based on "Clean Wholesale value" (NADA) excluding Auction purchases which are to be based on actual Auction price. Advance rates
should be based on schedule below. All requests must be submitted through the On-Line form and must include copy of
- Bill of Sale (Trade-in Only) signed by the consumer
- We reserve the right to request proof of clear title.
Attached to the form or Fax Bill of Sale and/or Title to your Account Manager
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Program
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Purchase Type
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Advance Rates
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Curtailments @
90/180/270/360
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Due in Full
@420
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Dealer
No FFP
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Auction
Purchases
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100% (of Auction
Price)
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15%/10%/10%/15%
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Balance
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$25.00 Handling
Fee
30 day FFP
60 day FFP VIC
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Trade In
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Up to 100%
(lower of Trade-
in or valuation)
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15%/10%/10%/15%
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Balance
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$25.00 Handling
Fee
30 day FFP
60 day FFP VIC
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Used
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Up to 85%
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15%/10%/10%/15%
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Balance
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Pre-Owned Information
We've done the research...
click below to find out more.
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*Dealers eligible for this program must be approved by PA at its solediscretion.
**The advance rate percentages listed
above are of the “Clean Trade-In Wholesale” value, excluding
the value of any added accessories, as provided in the most
current edition of NADA, Motorcycle, Snowmobile, ATV, Personal Watercraft appraisal guide.
Dealer will receive a Transaction Statement for each unit of
pre-owed inventory financed by PA describing the financing
terms applicable to the unit.
As provided in the loan agreement, all financing is provided on a discretionary basis.
PA reserves the right to approve all pre-owned inventory for which a loan is requested
and to limit the amount loaned to Dealer with respect to pre-owned inventory even further
than outlined above.
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