Clear expectations up front.
Many different ways to pay.
E-Dealer Direct Payment Policy
Buyer and Seller each agree to pay e-Dealer Direct, LLC. all fees and charges assessed by e-Dealer Direct, LLC.
Buyer shall pay e-Dealer Direct, LLC. the total amount due within 48 hours after the Buyer’s bid is accepted as the winning bid. Payment shall be made in U.S. dollars by ACH electronic funds transfer, floor plan, or by another financing arrangement acceptable to e-Dealer Direct, LLC. If payment is not received within 48 hours, the amount owed will be automatically debited using the default payment method selected by the Buyer. e-Dealer Direct, LLC. reserves the right to specify the type of Payment Method it will accept from the Buyer in our sole and absolute discretion.
If Buyer fails to pay Fees or other amounts owed when due to e-Dealer Direct, LLC., e-Dealer Direct, LLC. will be entitled to immediately set off the amount owed by Buyer from any funds due from e-Dealer Direct, LLC. to Buyer. In addition, if the Buyer fails to pay the total amount by the Payment Due Date, we may:
(a) electronically debit your bank account or floor plan account in accordance with the default payment method selected by you or another account made available to e-Dealer Direct, LLC.;
(b) withhold title documents until all amounts owed have been paid;
(c) cancel the sale transaction;
(d) pursue any other remedy or relief permitted by law.
If e-Dealer Direct, LLC. accepts payment from the Buyer by electronic check (ACH), Buyer authorizes e-Dealer Direct, LLC. to initiate debit entries to its account at the financial institution on which the electronic check was written. The electronic check debit authorization will remain in force until we have received written notice from you of its termination. e-Dealer Direct, LLC. reserves the right to decline payment by electronic check at any time and for any reason. No stop payment or payment withdrawal of Buyer's payment to e-Dealer Direct, LLC. shall be honored.
Any stop payment or payment withdrawal order by Buyer or it's bank shall be deemed by the parties to be evidence of fraud existing at the time the transaction was consummated and shall be construed by the parties as the intent to defraud in order to consummate the transaction. Any payment that is withdrawn by Buyer or its bank, rejected or returned for non-sufficient funds (“NSF”) must be settled and replaced immediately. NSF transactions will be subject to a minimum service charge of $150 up to the maximum amount allowed by law and shall be immediately due and payable.
e-Dealer Direct, LLC. will pay Seller the purchase price of the vehicle less the Fees due from Seller to e-Dealer Direct, LLC. within 5-7 business days after receipt of a clear, transferable title from Seller in normal conditions. (*** Due to the ongoing COVID-19 pandemic we are experiencing increased delays from our banking partners that are impacting how long payment by check is taking to clear. Payment timeline is extended from 10 business days to 15 business days.***)
A late fee of $50 per day will be assessed to the Buyer for any payment not received by e-Dealer Direct, LLC. within 72 hours of the finalized sale.
Buyer agrees to pay all costs including, without limitation, attorney fees, court costs and other expenses reasonably incurred by e-Dealer Direct, LLC. to collect any monies owed by Buyer.