Recourse
Recourse refers to the right of a finance company or bank to demand repayment from a dealership if a customer defaults on a loan that the dealership originated. Full recourse means the dealer is fully liable for the defaulted amount.
Recourse refers to the right of a finance company or bank to demand repayment from a dealership if a customer defaults on a loan that the dealership originated. Full recourse means the dealer is fully liable for the defaulted amount.