"Investing Now, Reaps Long Term Benefits"
The benefit of investing means you will find some of the highest discounts and rewards through CARS. It also provides a particularly high level of service to our shareholders, the main reason for our existence.
Investing also comes with responsibility. Some of the responsibilities include exercising opportunities and using the cooperative's services. When you use the cooperative's services, you are fulfilling your responsibility of economic participation. The more shareholders and higher levels of participation of each shareholder, the greater you and other shareholders will benefit.
• Current Purchasing Decisions May Already Qualify You for Discounts and Rebates
• Purchasing and Participation Choices are Made by Each Shareholder
• Quarterly Rebate Checks Based on Purchases and are issued directly to the Shareholder
Who can Join CARS?
CARS shareholders are Automotive Collision Repair Operations and related business and services. These shareholders share a common bond of ownership, employment, association or community through their not-for-profit cooperative, in an effort to benefit as a group.
What is your Investment?
CARS offers three investment options. These options are designed to give your business options for your level of participation as well as investment size.
CARS Classic is a one-time investment fee of $500.00, paid in full at time of application. This investment fee purchases one (1) share of Class A Stock, which the shareholders shall receive upon acceptance. After applying and purchasing one share of stock, you will never pay an annual membership fee to maintain your investment.
CARS Standard has a one-time investment fee of $250.00, and a $50.00 annual fee. The investment fee purchases one (1) share of Class A.1 Stock, which the shareholder shall receive upon acceptance. Annual Membership Fee is assessed on Jan 1. each year and is deducted from that years 1st Quarter Cash Back Rewards Account.
CARS Limited has a one-time investment fee of $50.00, and a $100.00 annual fee. The investment fee purchases one (1) share of Class B Stock, which the shareholder shall receive upon acceptance. Annual Membership Fee is assessed on Jan 1. each year and is deducted from that years 1st Quarter Cash Back Rewards Account.