Buy here, pay here
From contract to collection on one record.
Enter the rate and the number of payments. The payment, finance charge and schedule work themselves out, and the same deal prints the contract, takes the payments and shows who's behind.
How it works
Write it once. Collect on it for years.
- 1
Build the deal
Vehicle, buyer, trade-in, taxes and down payment go in once. Whatever is left is the amount financed.
- 2
Set the terms
Enter the APR, how often they pay and how many payments. The payment and the first due date are figured for you.
- 3
Print the contract
The retail installment contract prints with the rate, the finance charge and the payment schedule already filled in.
- 4
Collect on schedule
Send an autopay link built from the same terms, and watch each payment land on its row of the schedule.
Payoffs and trade-ins
When they pay it off early, it closes at zero.
The interest they never used comes off the payoff for you, so the account reads paid instead of a few hundred dollars short. Coming back for another car? Roll what they still owe into the new deal.
- Print or send a 10-day payoff quote
- A partial payment keeps the loan running, so no interest is forgiven by accident
- Take a rollover back, and the old balance reopens as it was
Collections
Chase late payments without a spreadsheet.
Who's behind, first
Every buy-here-pay-here deal shows up in Collections on its own, sorted by how much is past due, with the next payment, the last contact and who needs a follow-up.
Late fees, added for you
Set the fee and the grace period on the contract. Once a payment is late past that, the fee lands on the account.
Every call on the record
Log calls, texts, letters and promised payments, with a date to follow up.
Paperwork on demand
Print the payment schedule, the account status or payment receipts, or send them to the customer.
Repos and write-offs
Mark a car as repossessed without closing the account, or write off what won't be collected.
Your contract, your terms
Turn on the terms you use — prepayment penalty, required insurance, GPS disclosure, driving radius — and they print in the contract.
A receipt for every payment
Customers with an email on file get a receipt for each card or bank payment, autopay included.
Credit applications
Get the credit application before they walk in.
Send a link by WhatsApp or email. The buyer fills it in on their own phone, co-buyer or co-signer included, and you get an email when they open it and when they submit it.
- Social Security numbers are encrypted, and seeing the full number takes a permission and is logged
- The buyer can suggest a correction, and nothing changes until you accept it
- They can upload their documents with the application
Priced per deal, not per month.
A buy-here-pay-here deal is a deal jacket plus its contract. Card and bank payments are priced per payment, and there's no monthly fee.
- per deal jacket
- $2.50
- per deal jacket
- per buy-here-pay-here contract
- +$2.50
- per buy-here-pay-here contract
- per card payment
- 3.3% + 30¢
- per card payment
Questions about buy here, pay here
How is interest calculated?
Simple interest, charged daily on the principal balance for the days in each payment period. The last payment absorbs the few cents of rounding, so the loan ends at exactly zero.
Can customers pay weekly or every two weeks?
Yes. Payments can be due every week, every two weeks or every month, or every so many days, weeks or months you choose.
What happens when a payment is late?
If the contract has a late fee, it's added once the payment is past the grace period you set. It shows on the account as a fee due now, separate from the missed payment.
Can I roll what they owe into their next car?
Yes. Carry the payoff onto the new deal as the trade-in payoff or as its own line. The old account stays collectable until you apply the payoff.
Do I need separate software for collections?
No. Collections reads the same balance and schedule as the deal jacket, so the two can never disagree.
Write your next note here.
Take your next buy-here-pay-here deal from contract to autopay.