Bay Master, a cloud-based automotive repair shop management software, has recently partnered with Wisetack to offer integrated, consumer-friendly financing for auto shops. Through its suite of APIs, Wisetack embeds financing options into software platforms that businesses are already using in their day-to-day operations.
This new partnership gives car owners the ability to pay for automotive services, from collision repair to painting and refinishing or tire replacement, in monthly installments - giving them more flexibility to afford the work they want and manage urgent or unexpected repairs.
As customers make payments over time, Bay Master auto shops receive the full payment upfront as soon as the work is done so shops can be rest assured that they will be paid even if the consumer is late or defaults on the loan.
“In economic times like this, it's extremely important for shops to offer their customers financing,” said Art Rezac, president and CEO of Bay Master. “It's a win-win for shops and their customers. Customers save money, and shops are able to close more and bigger jobs by providing customers with flexible payment options. Our shops especially love the fact that they receive the payment in full when the job is done, while Wisetack settles with the customer over time, taking on the financial risk.”
Through Bay Master, consumer financing will automatically appear on every repair order and invoice between $500 and $15,000. Car owners are able to choose to pay in monthly installments by completing a short application on their mobile device and selecting their preferred terms, which range from three to 24 months - with APRs between zero percent and 29.9 percent.
The customer's credit score will not be impacted by applying. Wisetack uses a soft credit pull to determine eligibility and there are no late fees, prepayment penalties, or origination fees of any kind.
Wisetack integrates seamlessly into Bay Master’s existing workflow, therefore eliminating the need for shop owners to juggle between multiple apps or open more than one tab.
“The integration with Bay-Master makes it easy for automotive shops to offer great financing options to their customers, and ultimately boost their sales,” said Bobby Tzekin, CEO and co-founder of Wisetack. “We’re proud to partner with Bay Master and together help thousands more small and medium-sized automotive businesses thrive.”
