Buy Here Pay Here
Offer customers the convenience of in-house financing with Lot Wizard’s Buy-Here -Pay-Here for used car dealerships. BHPH is built-in and does not cost extra. Servicing loans in Lot Wizard is easy because all the features you need to operate smoothly are already built-in. Account balances and payment histories are at your fingertips. Receipts are ready to print each time you receive a payment. Delinquent customers are highlighted. We have refined this system for years, and it is ready to make you money.
Easy Buy Here Pay Here in Lot Wizard
- Receive Payments with ease – Collect Payments, Late Fees, and Additional Charges on one easy-to-use screen.
- Custom Letter Writer – Integrated word processor grants you power to create collection, reminder and any other custom letters using customer vehicle and loan data.
- Instant Payment History – Highlight your customer and instantly see your customer’s payment history including payment date, payment amount, interest paid, principal paid and more.
- Payment Coupons – Highlight your customer and instantly see your customer’s payment history including payment date, payment amount, interest paid, principal paid and more.
- Customers can pay online – Stop taking payment phone calls and allow customers to make their BHPH payments online. Learn more.
- Simple Interest – Interest charges are calculated on a daily basis on the existing balance.
- Customer Statement – Quickly print out a customer loan statement detailing payment history and balances.
- Metro 2 – Optional Metro 2 file creation for credit bureau reporting.
- Receivables Report – View important data such as total payments made, scheduled payments, late fees, days past due, amount past due, number of payments late and aging summary for your loan portfolio.
- Receipt Report – Track payment receipts by checks, cash and credit cards for deposits.
- Recap Report – Get an overall synopsis of balances for your BHPH accounts.
- Missing Receipt Journal – Minimize potential theft and loss by locating missing or deleted payments.
- Salesman Commission Reports – Helps calculate sales commissions when your salesman’s commission is based on money received from BHPH customers.
- Finance Company Export – Create export files for BHPH finance companies like United Acceptance.
- Custom and Standard Reports – Lot Wizard offers a wide variety of custom and built-in reports to help keep you informed!