Long gone are the days you could operate a Dealer Controlled Finance operation, better known as a note lot, using index cards or a spreadsheet. There are so many differences in what was done in the 60’s and what has to be done today to buy, sell and finance vehicles as a business.

A DMS (Dealer Management System) is an essential tool in BHPH and LHPH so that a dealer can be sure they are creating a loan for a consumer that has the correct calculations, can print the proper documents and will track the transactions correctly allowing you to remain compliant throughout the journey from a sell to a charge off or payout.

Not only does your DMS need to calculate the correct numbers for the RISC (Retail Installment Contract) and track those through all the transactions, but when the customer reaches the end of the loan/lease term and they want to trade or use tax dollars to payoff, the DMS must be able to calculate that last payment correctly, especially in a lease. Auto Master Systems is designed to do these things so that you as a dealer are always compliant and have the correct numbers for each task you do in your daily operation.  

Auto Master Systems has been in our space for more than 30 years. AMS is very easy to train employees to operate, has a team of experts from the BHPH/LHPH industry on staff to support your team and we will come to your location and train onsite when you convert to help ease that pain of making a DMS change. Reach out and let us show you how AMS can help your success.