Ride Today FAQ
- 1. 1. Whatis RTA andwhat do youdo? RTA (Ride TodayAcceptance LLC) isan indirectsub-prime finance companyforthe motorcycle and powersports business.We give applicantswithblemishedcreditasecondchance to ride. RTA approvesloansthatwere declinedbythe biglendersandcreditunions. 2. What types ofvehicles doesRTA finance? Newandusedmotorcyclesand powersports frommajor manufacturers. 3. What year vehiclesdoes RTA finance? Metrics backto 14 yearsold. Domestic/Europeanvehiclesupto8 years old. 4. What isthe customerqualificationtoget approvedwith RTA? Customermustprove abilitytopayand show reasonable workandresidentialstability.We do not relyoncreditscoresfor approval. 5. Is there any recourse to the dealer? None! 6. How muchwill RTA financeon a vehicle? New: up to 130% of dealerinvoice withallowableadds.(See rate sheet) Used:up to 130% of NADA cleantrade withallowableadds.(See rate sheet) 7. Do I get all of my money up front? Yes;dealerispaidup front. We do notholdback any moneyasreserve. 8. What types ofdealershipsdoes RTA do businesswith? Licensed,franchiseddealersof majormanufacturersof Asian/American/Europeanbrands.
- 2. 9. Is there a fee to enroll with RTA? No. 10. Does RTA have a minimumcustomercredit score for approval? No. 11. How do I submitmy customers’ credit applicationtoRTA? Throughour online applicationportal. 12. Whatis needed from my customer to get approved byRTA? Proof of income;proof of address;anda bank statement. 13. How will I knowif my customer is approvedfor a loanwith RTA? (1) Dealercan checkthroughapplicationportal;(2) Dealerwill getanapproval email;and(3) Dealerwill getanapproval fax 14. Whatis needed to get a loanfundedwith RTA? All requireddocumentsonourfundingchecklist. 15. How does RTA pay itsdealers? ACH uponreceiptof all fundingdocuments 16. Is there a dealer fee associatedwith the loan? Yes.Referto our currentrate card.
- 3. 17. Whenis a loanfunded? Within24 hoursof receiptof all documentation. 18. How do I enroll withRTA? Downloadthe enrollmentpackage at www.ridetodayacceptance.com orcall our Marketing Departmentat978-993-7000.