Buy Here Pay Here

Benefits of Lot Wizard's optional in-house financing administration

• Easily locate Customers by Name, Phone Number or Loan
• Quickly view Customer Payment History
• Print Payment Coupons on plain or inexpensive perforated paper
• Print Customer Statement detailing Payment History and Balances
• Print various Reports to help manage your accounts
• Late Reports detail who is late and by how much
• Receipt Reports outline money collected for day, week or any other period
• Recap Reports show Outstanding Balances, Money Collected, and Net running profit
• Quickly receive Customer Payments and Print Receipts
• Optional Metro 2 file creation for Credit Bureau Reporting
• Integrated word processor grants you power to create, save, and print custom letters using customer and sales data
• Interest charges are calculated on a daily basis on the existing balance; this method is generally referred to as the simple interest method. You may also assess late charges on a case-by-case basis.

For In-house Dealer Financing, you process a customer's paperwork exactly like any other financed deal with one exception--you select the Finance Source that you designated as your in-house financing source.

Once a deal is completed and saved using an 'in-house' financing source, all relevant financial information will be transferred over to the Buy Here Pay Here auto dealer software module.

Within this module (accessed by clicking on the Dealer Financing tab located on the right side) you can take customer payments, print statements, view payment histories and print various Buy Here Pay Here reports.

Lot Wizard Buy Here Pay Here automotive software allows your dealership to set finance rates, terms and payment frequency. Interest charges are calculated on a daily basis on the existing balance; this method is generally referred to as the simple interest method. You may also assess late charges on a case-by-case basis.