Buy Rate / Finance Reserve

Your dealership may work with a finance company to finance deals. You may then receive a payment amount from the finance company when the Customer uses that finance company to purchase the vehicle. This amount known as a Financial Reserve, AKA "spiff", is shown as a "Buy Rate" on the  Profit Accounting Window, in the Back Profit Tab. The Buy Rate can be keyed as a percentage or a flat amount.

EverLogic Buy Rate Calculation:  (APR - Buy Rate) * 4) * ContractAmount) /100

 

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