Why Do I Need A Disclosure?
New York (and other states) implemented mandatory disclosures effective August 1, 2023: Applicable to Installment Sale and $1 Purchase Option transactions...Not applicable for FMV.
This applied when out end-user customer is a New York (or other applicable states) entity.
Each non-FMV transaction will require its own disclosure form.
Failure to complete a disclosure may result in the deal being rejected.
How Do I Create a Financial Disclosure Form?
Please email XFSNYDisclosure@Xerox.com for all inquiries as well as assistance with completing the form. This may modify as we gain experience managing this topic and Dealer’s implement internal options.
Upload the completed form on the Document Upload Page.
How Can I Avoid A Disclosure?
Change the Lease Program from $1 OUT to FMV on the Payment Details Page