Trade Block Participation Terms

What Is Trade Block

Trade Block is a private, dealer-exclusive network within the RideFirst Finance platform that enables registered dealers to list powersports units for trade or acquisition by other platform dealers. It is designed to help dealers move aging inventory, source specific units for customer orders, and reduce reliance on auction channels.

Trade Block is visible only to approved platform dealers. Units listed on Trade Block are not displayed on the public RideMarket marketplace unless the dealer explicitly opts the unit into both channels.

Eligibility and Access

Trade Block access is available to all active RideFirst Finance dealers in good standing with a current subscription and no outstanding payment obligations. RideFirst Finance reserves the right to:

• Restrict Trade Block access to dealers who have been active on the platform for a minimum period
• Require identity or business verification before granting Trade Block access
• Revoke Trade Block access independently of a dealer's main platform subscription if these Terms are violated

Listing Units on Trade Block

When listing a unit on Trade Block, the listing dealer ("Seller Dealer") warrants that:

• The unit is in their current physical inventory or is otherwise legally available for sale or trade
• The unit is free of undisclosed security interests, liens, or encumbrances that would prevent transfer of clear title
• All material information about the unit — year, make, model, condition, kilometres, known defects — is accurately disclosed
• Photos (if provided) depict the actual unit being listed
• The asking price represents a genuine offer to trade at or near the listed amount

Trade Inquiries and Communication

All initial trade inquiries between dealers are facilitated through the Trade Block messaging system within the dealer portal. Dealers agree to:

• Respond to Trade Block inquiries within a reasonable timeframe (we recommend 2 business days)
• Communicate professionally and in good faith
• Not use Trade Block messaging to solicit unrelated business, send spam, or distribute promotional materials
• Not share or publish the contact details of other dealers obtained through Trade Block without consent

Once an inquiry has progressed to a confirmed trade discussion, dealers may exchange direct contact details to facilitate the transaction.

Trade Transactions

Trade Block facilitates discovery and introduction between dealers. The actual trade transaction occurs directly between dealers, outside the RideFirst Finance platform. Dealers are responsible for:

• Conducting their own due diligence on any unit before completing a trade, including PPSA lien searches where applicable
• Executing any required bills of sale, title transfers, or trade documentation in accordance with provincial regulations
• Arranging and paying for transportation, inspection, and any other transaction costs
• Ensuring all regulatory requirements for wholesale dealer-to-dealer vehicle transfers in their province are met

Prohibited Conduct

The following are strictly prohibited within Trade Block:

• Listing units with known undisclosed mechanical defects, salvage titles, or fraudulent odometer readings
• Posting units under a lien or security interest without disclosing the lien amount and status
• Agreeing to a trade and then failing to honor the agreement without legitimate cause (habitually)
• Using Trade Block to gather competitor pricing intelligence without genuine trade intent
• Colluding with other dealers to fix trade prices
• Any fraudulent misrepresentation of a unit's identity, provenance, or condition
• Attempting to circumvent the platform by recruiting Trade Block contacts to private off-platform arrangements designed to avoid platform fees (after initial contact through Trade Block)

Dispute Resolution Between Dealers

RideFirst Finance is not a party to Trade Block transactions and is not obligated to mediate or resolve disputes between dealers. However, we take the integrity of the Trade Block network seriously.

If a dealer reports a conduct violation by another dealer, RideFirst Finance may:

• Investigate the complaint by reviewing Trade Block messaging and listing history
• Issue a warning to the offending dealer
• Suspend or revoke Trade Block access
• Terminate the offending dealer's platform agreement in cases of serious misconduct

Any legal dispute between dealers arising from a Trade Block transaction must be resolved directly between those dealers, including any claims for damages, misrepresentation, or breach of a trade agreement.

RideFirst Finance's Role and Liability

RideFirst Finance provides Trade Block as a dealer networking tool only. We are not a broker, agent, auctioneer, or party to any trade transaction facilitated through Trade Block. Accordingly:

• We make no representations or warranties about the accuracy of any listing
• We are not liable for any loss, damage, or expense arising from a Trade Block transaction, including failed trades, misrepresented units, or title defects
• We do not verify unit histories, PPSA status, or mechanical condition of listed units
• Our total liability in connection with Trade Block shall not exceed the amounts specified in the Dealer Platform Agreement's limitation of liability clause

Suspension and Removal

RideFirst Finance reserves the right to suspend or permanently remove a dealer from Trade Block for:

• Any violation of these Terms
• Multiple substantiated complaints from other dealers
• Suspected fraudulent activity
• Any conduct that, in our reasonable judgment, damages the integrity or reputation of the Trade Block network

Trade Block suspension does not automatically constitute suspension from the main dealer platform, unless the conduct also violates the Dealer Platform Agreement.

Changes to Trade Block

RideFirst Finance may modify, expand, restrict, or discontinue Trade Block features at any time with reasonable notice to participating dealers. We may introduce network fees in the future for specific Trade Block features; such fees will be announced with at least 30 days' notice and will not be applied retroactively.

Contact

For Trade Block questions, conduct concerns, or to report a listing violation: