Do you offer retail installment or revolving credit loans?
Retail Installments

What is the interest rate?
Rates vary between 18% to 24% APR.

What is the maximum amount financed?
Varies by product.

Is there a processing fee?
Yes. $25 per purchased contact.

How much are the discount and reserve?
The discount and reserve percentages vary, depending on the credit risk.

What happens if my contracts do not pay?
All contracts are full recourse. If no intent to pay is established, then you, the dealer, will have to buy back the contract in full.

What is the minimum payment for my customers?
Varies according to the amount financed.

Who do you finance?
Currently we can only finance California residents age 18 and over who meet our financing criteria.

What are the criteria for financing?
Credit score, provided by the major credit agencies is the main factor. If lacking credit history, length of employment, years at residence and debt ratio are evaluated. The more information provided, the better likelihood of financing.

If I am interested in financing, what do I do?
Contact the JLS office to fill out a dealer application. Upon approval, contracts and credit applications will be provided.