Financing saves money for your customers with reduced interest rates. This allows the shop to make sales that the customer may not have been affordable. Extended Service Contracts generate more loyalty and commissions for the shops who also get the warranty work at their standard shop rates.
TOMS RIVER, N.J., April 28, 2022 /PRNewswire-PRWeb/ -- Bay-Master Partners with Wisetack to Offer Auto Shops Integrated, Consumer-Friendly Financing
Partnership will allow shops using Bay-Master to offer their customers "Repair Now, Pay Later" financing without altering their existing workflows
Bay-Master, a leading automotive shop management software, today announced a new partnership with Wisetack to enable shops to offer consumer-friendly financing options to their customers. This new feature will give car owners the ability to pay for nearly all automotive services, from collision repair to painting and refinishing or even tire replacement, in monthly installments—giving them more flexibility to afford the work they want and manage urgent or unexpected repairs. While car owners will pay over time, Bay-Master auto shops receive payment in full upfront as soon as the work is done. This means shops can rest assured that they will be paid even if the consumer is late or defaults on the loan.
"In economic times like this, it's extremely important for shops to offer their customers financing," said Art Rezac, President and CEO of Bay-Master. "It's a win-win for shops and their customers. Customers save money, and shops are able to close more and bigger jobs by providing customers with flexible payment options. Our shops especially love the fact that they receive the payment in full when the job is done, while Wisetack settles with the customer over time, taking on the financial risk."
Through Bay-Master, consumer financing will automatically appear on every repair order and invoice between $500 and $15,000. Car owners can choose to pay in monthly installments by completing a short application on their mobile device and selecting their preferred terms, which range from 3 to 24 months—with APRs between 0% and 29.9%. Simply applying will not impact the consumer's credit score, as Wisetack uses a soft credit pull to determine eligibility. And there are no late fees, prepayment penalties, or origination fees of any kind.
Wisetack embeds seamlessly into Bay-Master's existing workflow, thereby eliminating the need for shop owners to juggle between multiple apps or open more than one tab. This all-in-one payment solution will streamline operations and increase productivity for shop owners and service technicians alike.
"The integration with Bay-Master makes it easy for automotive shops to offer great financing options to their customers, and ultimately boost their sales," said Bobby Tzekin, CEO and Co-founder of Wisetack. "We're proud to partner with Bay-Master and together help thousands more small and medium-sized automotive businesses thrive."
About Bay-Master
With over 30 years of Shop Management experience, Bay-Master has been a pioneer in the industry. Its features can be configured for the 2 bay shop while meeting the needs of Franchises and multi-companies with centralized reporting needs. With its latest round of features – BM Plus; the shop owner not only makes a profit using the software, but his credit card processing also ends up being FREE! Go to http://www.bay-master.com or call 800-922-BEST (2378).
About Wisetack
Wisetack makes it easy for in-person businesses to offer financing to their consumers. Through its suite of APIs, Wisetack embeds financing options into software platforms that businesses are already using in their day-to-day operations. In-person businesses can start offering financing to consumers in minutes and boost their sales. Consumers can pay over time for purchases that will better their lives, without surprises or unexpected fees.
All loans are subject to credit approval. Your terms may vary. Wisetack loans are issued by Hatch Bank. See additional terms at wisetack.com/faqs.
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Media Contact
ARTHUR REZAC, BAY-MASTER SHOP MANAGEMENT, 1 8009222378, [email protected]
Jacob Spaans, BAY-MASTER SHOP MANAGEMENT, 7324731200, [email protected]
SOURCE Bay-Master
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