What is a Menu?
Menu: A tool used to offer Finance Protection products in a way that is
easy to understand while giving all the information needed for the customer to
make an educated decision.
Full Disclosure: A Finance Manager must offer all of the Finance Protection
Products offered by the dealership to every customer.
Options: Putting your protection options in the perspective of monthly
payment and monthly budget.
- Complete: Is the most comprehensive protection plan, it will normally
include everything offered by the dealership, unless they offer more than one of
a particular category.
- Standard: The step down from complete, will usually have the same terms
as the Complete, just less protection.
- Value: A good bang for your buck, hence the value category. Will usually
have the 3 or 4 most important products included.
- Economy: Bare Minimum protection for you and your Motorcycle.
Information: A menu gives you all of the information about your loan along
with all of the options for the finance products in one place. It also puts
everything in perspective of your monthly payment and your monthly budget. The
Finance Manager must, by law, offer you all of the Finance Protection Products
that the dealership carries. That is why they are called “Required Disclosures”.
If they are offered to one person, they have to be offered to everyone. The Menu
does this in an easy to understand way, to help you make the best informed
decision you can.
Educated decision: You want to know what your protection options are. You may
not need all of the Finance Protection Products, but you need enough information
to make an educated decision. The Menu, when presented properly, gives you that
information.
True cost and monthly cost: The menu will show you how much the Motorcycle
will cost you on a monthly basis with the protection options included. It will
also show you how your Amount Financed has changed with the choices of the
Finance Products. This will help you with your monthly budgets. Maintenance,
repairs, tires, theft can all be costly if you have to pay for them in one
month. For a little more every month, you can escape having a large out of
pocket expense down the road. Ask your Finance Manager to explain.
Use our
payment
calculator to help prepare you for meeting with a dealer. If you
use a
dealer
that's registered with MotorcycleHound.com, you might be presented with a
document like this: