Step 1c: Select Finance Source

Choose a finance source for the vehicle. Click the arrow in the Finance Source box to display a pull-down menu of available finance source choices. If the buyer is purchasing the vehicle with cash only, select the CASH option. The finance source you select will automatically be filled into the Finance Source box.

After you have chosen your finance source, the software will display more entry fields on the screen below the Payment Information heading. These questions will be specific to the finance source you have chosen and will initially be specific to your state. The software will also enter some of the information for you if you have set up much of your financial source data beforehand. You can do this when setting up and entering bank and lending information.

If you change financing sources after you have entered your data under the Payment Information heading, you may find that you will have to re-enter some of the information once the change has been made. How much information you must re-enter will depend upon whether the financing calculation types have changed. A good example of this would be changing from conventional financing to a lease. This type of change would require you re-enter almost all of the information. Changing from cash to financing would require much less re-entry.