Invoice Extra: 3rd Party Finance Providers

Go to Invoice > Extra > 3rd Party Finance Providers

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3rd Party Finance Providers

Usage:

When a dealer sells a car to a customer, but a third party (like a finance provider) is partially financing the transaction, this data is entered into the Invoice > Payment tab.

Step 1 - Invoice to the Customer

1.Add the 3rd Party Finance Provider (e.g., Stannic) as a customer in your system.

2.When creating the invoice for the customer, navigate to the Payment tab.

3.Select the 3rd Party Provider (e.g., Stannic) from the list.

4.The 3rd Party Financing amount will be automatically filled in.

5.The deposit amount will be calculated and displayed in red. This amount is what the customer must pay now.

6.Enter the deposit amount (for example, in the Credit Card field) and press Enter.

7.The 3rd Party Finance Amount will then be updated to reflect the Item Amount - Deposit (the amount Stannic owes you).

8.The amount Stannic owes you will be the total minus any applicable fee %.

Step 2 - Payment

1.Select the Stannic Finance option in the Payment tab.

2.Enter the tendered amount and the 3rd Party Finance amount.

3.Choose the appropriate Provider to complete the transaction.

When making the payment, select the 3rd party financing provider in the Payment Tab.