MSP Buy Here Pay Here Software

The MSP Buy Here Pay Here Software, developed by Constellation Automotive Software, is a solution designed to streamline operations and enhance performance for Buy Here Pay Here (BHPH) dealerships. According to the vendor, this software caters to BHPH dealerships of all sizes, ranging from small independent dealerships to large multi-location operations. It is utilized by professionals in the automotive industry, including automotive dealerships, finance and lending companies, as well as auto sales and financing professionals.

Key Features

Collections: According to the vendor, the software provides a centralized system for tracking delinquency, recency, and aging of payment streams, while also maintaining a detailed audit trail of customer history.

Inventory: The software offers a VIN Decoder feature to obtain and verify accurate vehicle information. It also allows for efficient management of expenses and repairs to determine the true cost and profit associated with each vehicle. Users can seamlessly upload and update inventory on websites or platforms like AutoTrader.

Sales: The software enables users to calculate various payment plan options, including insurance and warranties. It also facilitates tracking of multiple payment streams such as side notes, deferred down payments, or irregular payments. Users can generate flexible payment schedules and pull credit bureau reports from major bureaus for comprehensive financing calculations.

Customer Online Payments: According to the vendor, the software includes PaySystem+ to collect payments through credit cards and ACH. It allows users to record payments in MSP with one simple step and offers the convenience of online payments for customers.

Accounting: The software is approved by NIADA and can utilize NIADA, NABD, or customized Chart of Accounts. It allows for seamless import of Journal Entries into QuickBooks. Users can maintain separate databases for the dealership and related finance company and utilize modules such as General Ledger, Inventory, Accounts Payable, Accounts Receivable, and integration with Pay Cycle for payroll.

Related Finance Company: The software provides the capability to manage a separate database for a Related Finance Company (RFC). Users can effortlessly sell notes and transfer accounts from the dealership to the RFC.

Lease Here Pay Here: According to the vendor, the software ensures compliance with government lease regulations and county, state, and federal tax regulations. It simplifies repossessions and vehicle retrieval in case of customer bankruptcy, while also reducing sales tax expense for the dealership. The software also helps maintain residual value at the end of the lease term.

Reports: The software offers over 50 standard reports and allows users to generate customizable reports using the custom report generator. It provides lease-specific reports, banking/operations reports, inventory reports, and collection reports for efficient data analysis and decision-making.