FUNDING REQUIREMENTS

What We Look For:

• Stable job and residence
• Minimum of 20% down
• Reliable, bondable professional independent used car dealers
• It is very important that there is trust and respect between the dealer and the finance company or the relationship will be terminated promptly.
• Dealer application must be filled out and approved before the funding of any deal. THIS IS REQUIRED BY NYS BANKING DEPT.

What We Require:

• Proof of income as stated on application (JFC does approve deals with out proof of income on a case by case basis)
• Proof of residence – phone bill, utility bill, or cable bill
• Five personal references filled out completely
• Tracking devices (on most vehicles)

Dealer Must Supply:

• Contracts filled out with correct calculations
• Required signatures in the proper places
• Original credit applications (no photo copies)
• For deals including co-makers or co-buyers, a disclosure form must be filled out and signed
• All requested stipulations
• Signed addendum acknowledging tracking device installation
• A copy of all applicants drivers licenses
• A copy of the Bill of Sale (which states total sale price, down payment and amount financed)
• A copy of title, MV50 and MV82 showing Jamaica Finance Company as lienholder:
  
  Jamaica Finance Company
  13810 Hillside Avenue
  Jamaica, NY, 11435
  Lien # 66770