Dealer Holdback (Lender)
A portion of the finance reserve, initially withheld by a lender, that is paid back to the dealership after a specific period, provided the financed contract performs as agreed without early payoff or default.
A portion of the finance reserve, initially withheld by a lender, that is paid back to the dealership after a specific period, provided the financed contract performs as agreed without early payoff or default.