You’ve probably been approached by payment processing companies in the past, but perhaps you’re unsure whether or not your car dealership needs a payment processing solution.
We’ve made it easy to decide by just answering a few questions:
- Do you want to get paid on time every month?
- Do you want to minimize the amount of time employees have to spend on the phone chasing down payments?
- Do you want to eliminate returned checks and the fees that go along with them?
Here’s the deal:
Collecting monthly payments is a hassle, but MOTiiV’s set-it-and-forget-it payment processing system makes it easier for you while also providing valuable benefits to your customers.
It’s a win all the way around!
So, how does payment processing work?
Our Smart Payment Plan allows customers to match their payments to their paydays. That means you won’t have to call to remind them to make their payments. Instead, it’s automatically drafted from their account and sent to your dealership by the due date.
Making Your Dealership More Profitable
While a payment processing solution won’t completely eliminate late or missed payments, it will greatly reduce them—but that’s not the only way it can help to boost your bottom line.
MOTiiV’s Smart Payment Plan is a selling point that your salesmen can use to help close a deal. How? Some buyers see what their monthly payment will be and hesitate, but this system allows them to break up the payment into two smaller payments that line up with their paydays.
Yes, the monthly amount is the same, but the smaller payments are easier for some buyers to digest, which makes it easier for them to sign on the dotted line.
Splitting the payment also means they will pay the loan off sooner and pay less interest, which are also attractive selling points to your customers.
So, does your dealership need a payment processing system? Once you realize the benefits, you’ll probably wonder how you’ve done without one for so long.
Learn more about simplifying your in-house payment processing and providing benefits to your customers with our Smart Payment Plan. Contact MOTiiV today for more information and to discuss your dealership’s needs with a representative.
MOTiiV Smart Payment