Year - BARNETT FINANCE
GUARANTEE OF TITLE & DEALER REPRESENTATION LETTER
Purchaser Name(s): ______________________________________________________________________________________
Address: ______________________________________City: __________________ State: ___________Zip:________________
Vehicle: ______________ _______________________________ __________________________ ________________
Year
Make
Model
Mileage
Vin #: __________________________________________________________________________________________________
UNCONDITIONAL GUARANTEE In consideration of the purchase of the above references contract, notwithstanding the terms of the Assignment of the above Deal with Barnett Finance Company Inc.to which this purchase is related, the undersigned unconditionally guarantees payment to Barnett Finance Company Inc. of the full amount remaining unpaid under the contract and agrees to purchase the contract upon demand by Barnett Finance Company Inc. whether or not the contract shall be in default, in the event that the undersigned failed for any reason to secure a perfected first priority lien interest and title in the financed vehicle in favor of Barnett Finance Company Inc. Title work must be processed with appropriated government agency (i.e. DMV) no later than 20 days after contract date.
THIS GUARANTEE OF TITLE REMAINS IN EFFECT UNTIL TITLE IS RECEIVED AND IS SUBJECT TO PAYOFF UPON REQUEST. Dealer hereby represents and warrants that the down payment as shown on the contract has been collected in full as of the date of assignment of said contract to Barnett Finance Company Inc. Dealer warrants that no portion of the down payment is still owed Dealer, including, but not limited to hold checks, side notes or an NSF check even if collected through a guaranteed check service (i.e. Telechek). Any and all NSF checks utilized with a guaranteed check service will be considered 1st and 2nd payment recourse. Dealer further warrants that no portion of the down payment was a rebate of any type or supplied by Dealer in any way, unless so disclosed on credit application and below.
Dealer hereby represents and warrants that the sale price of the motor vehicle was the lowest price quoted to purchaser and that said price includes no charges including, but not limited to Discount, which are not imposed on purchasers whose contract is not sold to Barnett Finance Company Inc. Dealer represents and warrants that said contract and related sale transaction comply with all terms of Federal and State laws.
Dealer agrees they will in no way remove, disable, provide information to or refer any Barnett Finance Company Inc. customer to anyone who will attempt to remove the GPS unit. Dealer has in fact informed customer both verbally and in writing that if a payment is not made as agreed they will not be able to start their car due to the GPS device.
IF DOWN PAYMENT HAS NOT BEEN COLLECTED IN FULL THIS DEAL WILL BE FULL RECOURSE THIS INCLUDES HOLD CHECKS AND PAYMENT FROM GUARANTEED CHECK SERVICES, (i.e. TELECHEKS) AS STATED ABOVE.
Lien Information will be recorded as: Barnett Finance Company Inc. P.O. Box 15906 Savannah, GA 31416
Dealership_____________________________________ Date: _____________ Manufacturers Rebate Amount: _____________________________________ Dealer Rebate: ___________________________________________________
______________________________________________________________________________________________________
Dealer Authorized Signature
Printed Name
Title
Date
Rev. 5.9.2016
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