New 0% Interest Financing Program

We are pleased to announce that we have partnered with Budco Financial to provide a 0% interest financing option to our dealers. Unlike many of its competitors, Budco does not start out with a minimum fee of $125 or more, which has made this type of program cost prohibitive for many powersports transactions. Instead, Budco’s fees are a percentage of the loan amount, based on the length of the loan. (Please refer to the fee chart in the sign-up package.)

What we love about Budco:

• The dealer has a choice for when they receive funds for processed loans after the first customer payment has been received:
o Weekly: Receive Friday for all loans 1st payments received the previous week
o Monthly: Receive the 15th of the month for all loans 1st payments received prior month
• Funds are sent to dealer by ACH – no need to wait for a check!
• Budco has an easy to use portal to initiate loans.
• The portal has great features allowing the dealer to access payment history, cancellation status, funding schedules and more.
• The cost to the dealer is based on factors that the dealer can control. Less financed with a shorter term yields a lower fee than more financed with a longer term – you decide.

To ensure the success of this program for your dealership, please note the following:

The dealer must collect a down payment of at least 5%

The loan term may not exceed 50% of the product contract term. (ex: if it’s a 48 month contract, the maximum loan term is 24 months.)

Try to keep payments close to or above $100 per month. Very low payments can extend the loan terms and result in increased defaults.

This program is available on cancellable F&I products only, excluding GAP. For Aftercare that currently includes Service Contracts (aka Extended Warranties) and Tire & Wheel coverage.

The customer may choose to pay the monthly installments by ACH or Credit Card. You’ll be providing the necessary information to Budco upon loan initiation.

Budco uses a soft sell approach to collect from delinquent payees and notifies the dealership in case the dealership wants to get involved in saving the deal.

You can click here for a program overview: Aftercare/Budco Payment Plan

To get started:

Read and complete the Dealer Enrollment Forms (starting on page 7 of the linked document): Dealer Information Sheet (pages 7 & 8); Authorization Agreement for Direct Debit (page 9); BFS Admin Fees (page 10); and the Dealer Plan Enrollment and Participation Agreement (pages 11 to 15). “Budco Interactive User Guide”

Once we receive your Enrolment Forms we will set up a training session to walk you through logging on and using the loan portal.

Then you are ready to go!

We hope this program helps you include Aftercare with more vehicle sales. The Budco team and we at Aftercare are standing by to answer any questions you may have: (800) 832-3237; info@aftercarecorp.com; or Contact us through this link