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Contact Jim East (888) JIM-EAST (546-3278) [email_address]

Contact Jim East (888) JIM-EAST (546-3278) [email_address] FINANCE & INSURANCE Dealers, customers can benefit from biweekly payment plans By Jim Henry Automotive News | June 15, 2009 - 12:01 am EST As Seen in

Contact Jim East (888) JIM-EAST (546-3278) [email_address] How biweekly payment plans work in your dealership

Contact Jim East (888) JIM-EAST (546-3278) [email_address] No cost to the dealer No fees collected from the customer Does not compete with any finance products No additional advance for financing Use any lender

Contact Jim East (888) JIM-EAST (546-3278) [email_address] Monthly Loan Period (Months): 60 Half-Pay 55 Payment: $518.96 $261.43 Payoff Acceleration: $0 None $0 Interest Savings: Term Reduction: $2,537 $743 5 Months

Contact Jim East (888) JIM-EAST (546-3278) [email_address] How does it work? Easy, we electronically debit half of the customer's payment every two weeks. This results in 26 half payments per year (the equivalent of 13 full payments). The extra payments reduce the loan principal and provide the benefits.

Contact Jim East (888) JIM-EAST (546-3278) [email_address] When does the dealership get paid? When we debit the customer's first half debit (40 days from contract date), the dealership earns half of the total commission. At the customer's first extra debit month (4-6 months after contract date), the dealership earns the remaining half of the total commission. Commissions are directly deposited into the dealership's account on a monthly basis.

Contact Jim East (888) JIM-EAST (546-3278) [email_address] What are the fees for the customer? Customers make no out of pocket payments and the program fees are not added to loan amount. The $399 convienence fee is deferred over the extra payments during the first 6 months. The fee is deducted from the total interest savings, which alnog with a $1.95 transaction fee is disclosed to the customer on the enrollment agreement.

Contact Jim East (888) JIM-EAST (546-3278) [email_address] How does a customer cancel or change debit dates? Call 1-800-481-6863 more than 24 hours before a debit .

Contact Jim East (888) JIM-EAST (546-3278) [email_address] What if a customer doesn't have enough money for a debit? The customer is notified that we will not be able to make payment to the lender. The customer must write checks until restarting the program. Customers can restart the program at any time.

Contact Jim East (888) JIM-EAST (546-3278) [email_address] Is it safe? It's extremely safe. Guaranteed fraud protection. Federal banking laws make debits safer than writing checks. Customers have up to 90 days to reverse debits.

Jim East (888) JIM-EAST (546-3278) [email_address] Call for a 3 minutes on-line demonstration

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