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.
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.
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.
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.
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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