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Create or Clone Automotive Loan and Lease Proposals

Underwriters can create proposals and send them to dealers and customers for review before the final proposal is accepted. To improve the chances of acceptance, or to guide customers and dealers on how to redesign the terms of a loan or lease, underwriters can add stipulations to a proposal. Stipulations help dealers and customers renegotiate the proposal based on the underwriters’ suggestions and can also be used for conditional approvals. Underwriters can also clone existing proposals to quickly modify the terms.

Required Editions

Available in: Enterprise, Unlimited, and Developer Editions.
User Permissions Needed
To create stipulations: Vehicle and Asset Lending permission set

Make sure all stipulations are added as Term records in the org. See Configure Stipulations for Vehicle Loans and Leases.

  1. From the App Launcher, find and select Vehicle & Asset Lending Console.
  2. Go to the Application Form Products tab.
  3. On the list view page, select a record.
  4. Go to the Proposals tab.
    All proposals that are either active and in Prequalified or Final stage, or inactive and in the Final stage are displayed. Only inactive prequalified proposals are not displayed.
  5. To create a proposal, click New Proposal.
    1. Enter the recommended loan or lease amount.
    2. Select the term of the loan or lease.
    3. Enter the interest rate of the loan or lease.
    4. Click Next.
    5. Click Add for all the stipulations you want to relate to the proposal.
    6. Click Next.
    7. For each stipulation, add a description that helps the dealers add customers get additional information.
    8. Click Next.
    9. Review the details and click Submit.
      A new proposal is automatically created and you can see the details on the Proposals tab.
  6. To reuse a existing proposal and modify selective details, click Clone on a proposal card on the Proposals tab.
    All information is prefilled in the guided flow but you can modify the amount, term, interest rate, or add stipulations and change the descriptions for the stipulations. A new proposal is created in an active state and in the Pre-Qual stage.