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Alpha Dealer Stimulus Plan

PLAN OVERVIEW

  1. Alpha Warranty is offering New Dealer partners a one-time stimulus infusion of capital of $1,200 - sent via electronic funds transfer - to provide some extra support during these tough times and promote ongoing contract sales for future dealer revenue.
  2. To qualify to receive the stimulus money, the New Dealer must agree to sign up to partner with Alpha Warranty within the month of May 2020 to sell our industry-leading VSC products.
  3. In order to keep the money, the New Dealer agrees to sell at least 36 qualifying VSC's in a 12-month period.

PLAN DETAILS

  1. Program will run during the month of May and close on the 31st or when 83 New Dealers have signed up, whichever comes first.
  2. The $1,200 funds will be transferred to the New Dealer via ACH (electronic funds transfer) after May business is activated and the first contract is sold.
  3. The loan will be forgiven if dealer signs an agreement to sell 36 contracts in the first 12 months and that all contract payments are through ACH and first contract is sold.
  4. Dealer will pay back prorated balance of $1,200 if 36 contract obligation isn't reached by the close of 12-month period.

FAQs

WHAT IS THE ALPHA DEALERSHIP STIMULUS PLAN?

The Alpha dealership stimulus plan is a program designed by Alpha to help dealers battle back from the economic hardship resulting from the COVID-19 pandemic and subsequent societal shut down.  It is designed to provide some capital support to dealers who are new to Alpha Warranty and incentivize them to begin selling our products and reap the financial benefits of promoting Alpha's industry leading F&I products.

HOW DOES THE STIMULUS PLAN WORK?

Alpha Warranty is offering each new dealer partner a one-time $1,200 stimulus check (transferred via ACH) to do with whatever they like after the dealer sells its first Alpha 12-month or greater service contract.

WHAT'S THE DEALER'S PART?

In exchange for the stimulus money, the dealer agrees to officially partner with Alpha Warranty within the month of May 2020 to sell Alpha's industry leading VSC products and signs the stimulus plan agreement to sell at least 36 VSC's in a 12-month period to keep all of it without repayment.  If the dealer doesn't sell the required 36 contracts within the 12-month timeframe, they will be contacted to begin repaying a prorated amount based on the number of contracts already sold.

HOW WILL A DEALER GET THE STIMULUS MONEY?

When a new dealer partner agrees to do business with Alpha and sells and pays their first Alpha product with a term of 12 months or more, they will receive via ACH a $1,200 payment by the 15th of the following month to do with whatever they would like.

WHY IS ALPHA DOING THIS?

It's not out of line to say that these are remarkable times we are going through as a society and a nation.  From their founding, Alpha Warranty has always been committed to doing the right thing in good times and in bad.  The Alpha stimulus plan is designed to provide a small capital kickstart during this tough time and encourage Alpha contracts sales for future revenue.

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