Understanding Leasing: Using AutoStar's New Module

Jim Sutton | Senior Director of Engineering

For years now, the Lease Here Pay Here model has grown in prominence amongst BHPH dealers, and why not? There are many advantages to leasing automobiles, and many of our customers are beginning to weigh the benefits of this new concept. By far, the most significant advantage of leasing is that you retain ownership of the vehicle at the end of the lease. You also have the opportunity to retain the customer and lease a different vehicle to them at the end of the term. In addition to this, there are also many tax benefits to the leasing business model. As a matter of fact, in many states, leasing allows auto dealers to spread their tax liability over several years and only pay taxes based on the money collected. Furthermore, dealers also enjoy a reduction in federal regulatory requirements when leasing vehicles as opposed to selling them.

It is precisely because of these advantages that AutoStar has been increasing its knowledge, building strategies, and developing software that would help dealers enter this new Lease Here Pay Here business model. Over the years, we’ve established relationships with experts and vendors in the industry, and have made modifications to every aspect of our software platform to accommodate leasing as well as accounting transactions and financial statements that it creates.This is one of the main benefits of having a modular software suite, like Fusion, where we can constantly add new functionality to what we currently have.

Our new leasing module for AutoStar Fusion guides users through the process of setting up a leasing deal in the same way that you already set up your sales. This means that you do not have to dramatically change the way you do business when you decide to begin leasing vehicles. As with all of our software products, the new leasing module is fully integrated with our respected industry partners as well as other software components created by AutoStar Solutions. At AutoStar, we believe that providing leasing functionality in the coming years is essential and absolutely necessary. As far as AutoStar is concerned, leasing has officially arrived in the Buy-Here Pay-Here industry.

If you’re interested in learning more about leasing and how you can get started using our solution, please consider attending this year’s Innovate conference in Fort Worth, where we will be hosting a class on the subject. At the class, you will learn everything you need to know to get started using AutoStar Fusion’s leasing module. I hope to see you there!