Biweekly auto loan payments work by splitting your monthly payment in half and paying that amount every two weeks instead of once a month. Since there are 52 weeks in a year, this results in 26 half-payments—or the equivalent of 13 full monthly payments—meaning you make one extra payment each year without much impact on your monthly budget. This extra payment goes directly toward reducing the principal balance faster, which not only shortens the overall loan term but also decreases the amount of interest you pay over time. By paying down the loan quicker, you build equity in your vehicle faster, giving you more financial flexibility if you choose to sell, trade in, or refinance down the road.
Click above to fill out the online dealer agreement. Getting started is the first step to success!
For dealer groups with multiple locations, fill out thelocation form so we can get everyone up and running
The ACH Form is necessary for any payments and commissions paid to the dealership.
We will also need a W9 on the dealerhips so that we can affectively process any commissions owed.
Don’t wait—reach out to us today to get your dealership set up on Advantage Pay. By offering it to your clients, you’ll boost profitability, put your customers in a stronger equity position, and create more future trade-in opportunities for your store.
