smart payment plan

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• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

FINANCE & INSURANCEDealers, customers can benefit frombiweekly payment plans

By Jim HenryAutomotive News | June 15, 2009 - 12:01 am EST

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• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

How biweekly payment plans work in your dealership

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

No cost to the dealerNo fees collected from the customerDoes not compete with any finance productsNo additional advance for financingUse any lender

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

Monthly

Loan Period (Months): 60

Half-Pay

55Payment: $518.96 $261.43

Payoff Acceleration:

$0

None

$0Interest Savings:

Term Reduction:

$2,537

$7435 Months

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

Monthly Loan Period (Months): 60

Half-Pay

55Payment: $518.96 $261.43Payoff Acceleration:

$0

None

$0Interest Savings:

Term Reduction:

$2,537

$7435 Months

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-

3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

How does it work? Easy, we electronically debit half of the customer's payment every two weeks. This results in 26 half payments per year (the equivalent of 13 full payments). The extra payments reduce the loan principal and provide the benefits.

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

When does the dealership get paid?When we debit the customer's first half debit (40 days from contract date), the dealership earns half of the total commission. At the customer's first extra debit month (4-6 months after contract date), the dealership earns the remaining half of the total commission. Commissions are directly deposited into the dealership's account on a monthly basis.

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What are the fees for the customer?Customers make no out of pocket payments and the program fees are not added to loan amount. The $399 convienence fee is deferred over the extra payments during the first 6 months. The fee is deducted from the total interest savings, which alnog with a $1.95 transaction fee is disclosed to the customer on the enrollment agreement.

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How does a customer cancel or change debit dates?Call 1-800-481-6863 more than 24 hours before a debit.

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

What if a customer doesn't have enough money for a debit?The customer is notified that we will not be able to make payment to the lender. The customer must write checks until restarting the program. Customers can restart the program at any time.

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

Is it safe?It's extremely safe. Guaranteed fraud protection. Federal banking laws make debits safer than writing checks. Customers have up to 90 days to reverse debits.

• Contact Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

• Jim East • (888) JIM-EAST (546-3278)• jim@jimeast.com

– Call for a 3 minutes on-line demonstration