Dealer Inventory Management Program

Wayne Reaves’ car dealer management software provides an easy way to manage every aspect of the business. Features include support for all aspects of running a dealership such as:

Management of dealer vehicle inventory

•     Hot Button Shows 10 Most Profitable Cars in Inventory
•     Keeps Up With Inventory & Repairs
•     Keeps Side Notes for Repairs
•     Prints Option Equipment List for Your Car Windows

Tracking sales

•     Shows Amount Of Money In Street At All Times
•     Prints Professional Payment Books
•     Detailed Sales Report
•     Keeps Pending Sales & Prospect List

Finance and insurance calculations

•     Credit Bureau Reports -Press Hot Button - Get Report
•     Enter Credit Application On Computer
•     Built-in Finance Company Program

Tracking customers (and customer follow up)

•     Prints 10 Day Repo Letter & Adds Car Back to Inventory
•     Prints Late List & Letters

Accounting

•     Accounts Receivable Reports
•     Takes Payments, Prints Receipts & Gives Net Payoff
•     Profit & Loss Reports
•     Does Sales Tax Reports, Cash or Accrual
•     Program Types Checks and Pays All Bills

Set up bank contracts and buy here pay here deals

•     Complete Buy Here - Pay Here
•     Second Chance Financing
•     Buy Here - Pay Here Leasing
•     Figures Finance Charges & Payments

Enter sales and print forms

•     Fills in and prints All Required Forms on plain paper
•     Keeps Up with Daily Deposits & Prints Receipts
•     Figures Credit For Sales Tax On Repossessions
•     Create Your Own Letters & Reports

Administrative and Legal

•     Types Tag & Title application
•     Prints Federal Privacy Forms
•     Built-In Rolodex, Calendar & Calculator

Friendly Technical Support

•     Full Service Tech Support
•     Can Network Two or More Computers Together

Wayne Reaves’ dealer inventory management program is designed for the independent used car dealer offering:

•     Retail, Wholesale or Lease
•     Used Car Leasing
•     Rent To Own
•     Lease To Own

Call 800-701-8082 & request or download a demo today!

All sales are handled in a similar manner using the Wayne Reaves Car Program.

Whether you want a simple cash sale, or a cash sale with a lien holder assigned or perhaps a more complex buy here pay here deal or financing with a bank or finance company. The program will also handle leasing and rent to own, very popular today and seem to be replacing traditional buy here pay here transactions because of the more favorable income tax and in some cases sales tax situations. We have also seen a rise in used car leasing as a result of the rise in bankruptcies. However you want to deliver the car, retail, wholesale, leasing or rent to own, you can do it with your Wayne Reaves Car Program.

You simply begin by typing in the customers name and address, and of course the telephone numbers where they can be reached. The computer program will help you stay in compliance with many laws as you go. The Executive Order 13224, part of the Homeland Security Patriot Act from 2001, requires you check the OFAC’s SDN list, (commonly called the blocked persons or Homeland Security names list). The program checks this as soon as you put in the customer's name. The federal privacy law form back in 2001 and safeguards procedures form 2003, the recent red flag rules effective already but to be enforceable Nov. 1, 2009. Required notices and prompts help you stay in compliance with these complex laws. For more information on how we keep you compliant please call our sales staff at 800-701-8082.

Now you have the customers information, all you do is select the vehicle from the inventory you have in the program already, or add it as you go. Then on to the finance deal screen, you choose the type of deal you want it to be. Make sure you have the sales price and payment terms you want, the program will ask you how you are receiving funds on this deal to maintain compliance with the IRS cash reporting requirements.

Next in line is printing. This is primarily done using a laser printer. One click and all your forms are created and filled out at the same time. Customized print lists are created for different types of deals; cash, buy here pay here or financed through an outside lienholder. Okidata impact printing is supported for long-form finance contracts, warranty forms, title applications etc.

Save your deal and you are done. The program automatically moves the vehicle out of active inventory and puts in the sold category. The money received gets posted to today’s cash sheet to match the deposit slip for the bank and if the customer or bank owe us money, it creates the accounts receivable.