To receive Gold status a dealer must meet the following conditions:
If a dealer does not maintain all invoices to a 30 day NET but exceeded the $25,000 minimum then the dealer will then drop to Silver status for a period of 3 months until all invoices are current and stay current to a 30 day NET.
Any and all accounts that are past 30 days will be charged 2.5% interest, Pro rated daily.
If a Gold dealer choses to pay within a 10 day period they will receive an additional 2% discount from each invoice paid within the 10 day period.
To receive Silver status a dealer must meet the following conditions:
If a dealer does not maintain all invoices to a 30 day NET but exceeded the $10,000 minimum then the dealer will then drop to Bronze status for a period of 3 months until all invoices are current and stay current to a 30 day NET.
Any and all accounts that are past 30 days will be charged 2.5% interest, Pro rated daily.
If a Silver dealer choses to pay within a 10 day period they will receive an additional 2% discount from each invoice paid within the 10 day period.
To receive Bronze status a dealer must meet the following conditions:
If a dealer does not maintain all invoices to a 30 day NET but exceeded the $5,000 minimum then the dealer will then drop to COD (Cash On Delivery) status for a period of 3 months until all invoices are current and stay current to a 30 day NET.
Any and all accounts that are past 30 days will be charged 2.5% interest, Pro rated daily.
If Bronze dealer choses to pay within a 10 day period they would receive an additional 2% discount from each invoice paid within the 10 day period