---
schema_version: "1"
id: 6827867d56c615ab56b293821b4a630ee4c7b193190c5540dd9fdc54d26aaca4
title: Lifecycle of a Vehicle Loan or Lease Proposal
collection: admin
version: current
locale: en-us
portal_url: https://docs.salesforce.com/admin/current/en-us/ind/264-0-0/auto_finance_rehash_proposal.md
canonical_url: https://help.salesforce.com/s/articleView?id=ind.auto_finance_rehash_proposal.htm&release=264.0.0&type=5
source_site: help.salesforce.com
content_type: documentation
content_hash: 9724e29926151db1ed04e127ebc4ee6ca3e22b60b7b3438c9c4c161d4a0c0f43
description: Dealers can use the Experience Cloud site to explore the various options and offer the best terms for a loan or lease to their customers. They can efficiently collaborate with underwriters to rehash and update proposals by changing the vehicle selected by the customer or by updating the financial terms of a loan or lease. Dealers can also accept or reject a proposal shared by the underwriters.
products:
  - Automotive
release: "264"
---
# Lifecycle of a Vehicle Loan or Lease Proposal

Dealers can use the Experience Cloud site to explore the various options and offer the best terms for a loan or lease to their customers. They can efficiently collaborate with underwriters to rehash and update proposals by changing the vehicle selected by the customer or by updating the financial terms of a loan or lease. Dealers can also accept or reject a proposal shared by the underwriters.

### Required Editions

<table class="slds-table slds-table_bordered slds-max-medium-table_stacked slds-m-bottom_small edition"><colgroup><col></colgroup><tbody><tr class=""><td class="slds-cell-wrap" style="vertical-align:top;">Available in: Lightning Experience</td></tr><tr class=""><td class="slds-cell-wrap" style="vertical-align:top;">Available in: <strong>Enterprise</strong>, <strong>Unlimited</strong>, and <strong>Developer</strong> Editions</td></tr></tbody></table>

![Note](https://sf-zdocs-cdn-prod.zoominsoftware.com/tdta-ind-automotive-264-0-0-production-enus/55098325-b838-4fed-9e79-8cfa2d7b33a3/images/icon_note.png)

Note Make sure that your admin has configured the Applicant Revised picklist value for the Selected By field on the Application Form Product Proposal object.

Underwriters, customers, and dealers can identify the proposals at various stages of their lifecycle with the help of specific attributes of the proposals.

   
| Scenario | Proposal Status | Proposal Stage | Proposal Pill |
| --- | --- | --- | --- |
| A customer, a dealer, or an underwriter views all loan or lease offers presented during application intake. | Inactive | Prequalified | — |
| A customer or an agent selects a proposal to submit an application. | Active | Prequalified | Applicant Selected |
| An underwriter creates or clones a proposal during the decisioning process, reviews the terms, and selects a proposal. | Active | Final | Lender Selected |
| A dealer rehashes a proposal submitted by the underwriter and creates a proposal with the changes. | Active | Prequalified | Applicant Revised |
| A dealer accepts a final proposal, revised and submitted by an underwriter. | Active | Final | Applicant and Lender Selected |

At any point in time, a single proposal exists in the active status and final stage. When a dealer rehashes the lender-selected proposal that's revised and sent by an underwriter, a separate proposal is created and the lender-selected proposal is set to the inactive status.