Payment Policy

Terms of Sale:
Terms of Sale have been established as Net 30, for parts only.  Any variation of these terms will need to be preapproved by the credit department.  Customers who are approved for terms greater than Net 30 will be required to sign a personal guarantee prior to order shipments being released.
All customers are expected to pay within their payment terms.  Late payments are subject to 1.5% interest charges accrued monthly.
All Whole Goods purchases will be put on Wells Fargo Commercial Distribution Finance, unless otherwise agreed upon when the order is placed.
CADCo retains its security interest in the products until paid in full.  All returned goods require return authorization and are subject to a 15% restocking charge.
Check Policy:
By using a check for payment, you agree to the following terms:
In the event your check is dishonored or returned for any reason, you authorize us to electronically (or by paper draft) re-present the check to your bank account for collection of the amount of the check, plus any applicable fees as permitted by state law.
 
Collection:
Customer will be contacted once an Invoice is 15 days past due.  Orders will be held once an account is 30 days past due and will not ship until positive communication has been made.  Accounts over 60 days past due will be held and will not ship until payment has been received.  If after 90 days a customer is unable or unwilling to pay their outstanding balance, the account will be sent to an authorized collection agency.  Customer will be responsible for any charges incurred for collection proceedings, including attorney fees.
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