Auto Credit Express Blog
June 26, 2008
LotProOnline offers additional features for one price dealers
One of the issues facing one price and only price dealers is the ability to override a traditional subprime auto software system so that a deal comparison gives their subprime managers the correct comparative vehicle gross profits. With the latest version of LotProOnline, these values are correct.
How the one price feature works
At the time LotProOnline is set up, the one price feature is set up in the configuration settings portion of the program. When the vehicle is entered into inventory, the vehicle’s one price must be entered along with the rest of the information.
Once the set-up is complete and the vehicle information is entered, you simply choose the output option in the compare deals screen. LotProOnline will display Kelley Wholesale, Kelley Retail, NADA Trade, NADA Retail, Invoice, or Sale Price.
A more accurate profit picture
This latest feature should help special finance department managers and employees more accurately pick vehicles and structure deals. With a truer picture of profit margins, you no longer have to make adjustments “in your head” to accommodate the dealer one price figure.
To find out more about these changes, as well as other features of the best subprime software on the planet, contact us at 888.535.2277 or by using our quick contact form.
