In-House Financing and Leases
When you are the one carrying the paper — Buy Here Pay Here, or a lease you write yourself — the deal jacket holds the terms, builds the payment schedule, and prints the contract from it. This covers setting those terms up.
If somebody else is lending, you do not need any of this: name them under Lienholder and the deal is a cash sale as far as your books are concerned.
What it costs
Section titled “What it costs”Nothing to set up. Printing the contract costs credits like any other document — see How Billing and Credits Work.
Buy Here Pay Here
Section titled “Buy Here Pay Here”Amount Financed comes from Pricing and is not typed here. What you set is how it is repaid:
- Annual Interest Rate (APR) and the date interest starts running.
- Payment Amount, Payment Frequency, First Payment Date and Number of Payments — fill in what you know and the rest follows from it.
- Days Until Payment Is Late, and whether to Assess Late Payment Fee.
The schedule is derived, not typed. Change a term and it rebuilds, which is also why carrying a prior balance in afterwards leaves it short — see Prior Balances and Payoffs.
Provisions
Section titled “Provisions”The switches under the terms are contract language, not math: dealer inspection rights, the dealer pickup payment, and the rest. The app says what they are for — “Enable provisions to include them in the retail installment contract.” A provision left off is simply not in the printed contract.
What you get back
Section titled “What you get back”Current Balance is what they owe today, and it breaks down when you ask it to. 10-Day Payoff Quote is the number to read a customer over the phone: it is today’s balance with the interest they will not be charged for paying early taken back off.
Leases
Section titled “Leases”A lease is the same shape with different arithmetic, and the fields say so: Base Periodic Payment, Residual Value, Depreciation, Amount Due at Signing.
Two decisions are specific to leasing and both change the payment:
- Capitalize sales tax into payments and Capitalize documentary stamp into payments — whether those are collected up front or spread across the term.
- Apply to first payment — whether money taken at signing goes against the first payment or reduces what is capitalized.
⚠ Fees do not belong here. The app’s own note is explicit: “Acquisition fees, dealer fees, and other charges go in Pricing as taxable line items so they itemize on the contract.” Typed into the lease terms instead, they print as one unexplained number.
If it will not let you continue
Section titled “If it will not let you continue”| What you see | What it usually means |
|---|---|
| The section is not in the list at all | The deal’s type is not Buy Here Pay Here or Lease. Change it under General |
| The schedule does not retire the balance | Something was added after the terms were set — most often a prior balance carried in. Rebuild the schedule |
| The contract prints a term you did not intend | A provision switch. They are contract language and print exactly as set |
After you finish
Section titled “After you finish”Print the contract from Documents, and watch the account from Collections and Payment Schedules — which is where a missed payment shows up, and where the payment schedule you just built is the thing being tracked against.