What is Stipulations (Stips)?
Specific documents or proofs required by a lender before they will fund a car loan.
Understanding Stipulations (Stips) in Dealership Operations
When a bank approves a car loan, it often comes with 'stips'—conditions that must be met before the dealership gets paid. Common stips include proof of income (pay stubs), proof of residence (utility bills), or a valid driver's license. F&I software helps managers track which stips are outstanding, as failing to collect them means the dealership cannot cash the contract (a situation known as a 'contract in transit' delay).
How CarSalesSoftware.com Handles Stipulations (Stips)
Our all-in-one dealership operating system includes dedicated tools to help you manage stipulations (stips) more efficiently. Stop paying for disconnected systems and bring everything into one unified platform.
Related Glossary Terms
ACV (Actual Cash Value)
The true wholesale value of a vehicle, representing what a dealership is willing to pay for a trade-in or purchase at auction.
Automotive CRM
Customer Relationship Management software tailored for auto dealerships to track leads, manage follow-ups, and monitor the sales pipeline.
Back-End Gross
Profit generated in the F&I office through financing reserve and the sale of aftermarket products.