Choose a finance source for the vehicle:
➢Click the down 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.
*NOTE: If the sale type is set to BHPH, then CASH is selected as the Finance Source, the Sale Type will be reset to RETAIL.
➢The finance source selected here will automatically be filled into the Finance Source box.
After choosing the finance source, the system will display more entry fields in a section called Payment Information (See below)**.
➢These fields will be specific to the finance source chosen and will initially be specific to your state.
➢The system will automatically enter some of the information, provided that you have set up much of your financial source data beforehand.
➢ To learn more about setting up financial sources, go to setting up and entering bank and lending information.
**NOTE: If you change finance sources after entering data under the Payment Information heading, you may find that you have to re-enter some of the information once the change has been made. How much information you must re-enter will depend on whether the financing calculation types have changed. For example, changing from conventional financing to a lease. This type of change would require you to re-enter almost all of the information. Changing from cash to financing would require much less re-entry.
