New F&I Feature for Canadian H-D Dealers for HDFS 90 days No Interest Promotion

Learn how to properly calculate F&I charges under the new HDFS No Down Payment/90 Days No Interest/120 days No Payment promotion for Canadian Harley-Davidson Dealers

No Interest Period

The F&I tab on the Deal Details screen now has a new field called "Interest-Free Days". Once the field is populated with "90" from the drop-down selection, the value "120" will automatically populate the "Days to 1st Pmt" field:



Loan Term

In order to calculate the correct financing charges for the loan, the value entered in the "Term" field on the deal summary needs to include the 90-day interest-free period. In the case of a loan that requires 72 months of payments to be eligible for the special HDC/HDFSI 90 Days No Interest/No Payment For 120 days promotion, the value entered in the "Term" field of the loan on the DealerVu deal details screen should be set to 75 months:



Insurance

Similar to the loan term, insurance must include the days to first payment. This ensures that customers are covered during the no payment period: