Doing a Nicholas Financial Deal
We're here to help! For additional support on this topic or for more information on how to get started reach out to our Support Team at support@dealercenter.com or call us at 888-669-2669.
We're here to help! For additional support on this topic or for more information on how to get started reach out to our Support Team at support@dealercenter.com or call us at 888-669-2669.
When submitting a deal be sure to select Nicholas Financial:
Nicholas Financial, Inc. is staffed with a team of experienced professionals committed to serving the needs of franchised and independent automobile dealers. Nicholas allows the dealer to increase sales and maximize profits through financing programs tailored to both the customer and the dealer.
In DealerCenter, NFI is active in the following areas: AL, FL, GA, ID, IL, IN, KS, KY, MI MO, NC, NV, OH, PA, SC, TN, UT, WI, TX
Nicholas Financial helps near-prime and subprime customers.
To ensure the callback matches what the dealer’s structure displays in DealerCenter guide the dealer to the Roll Back button. This allows them to roll the deal back to the correct Amount Financed based on what was approved. See the following section Calculated Net Check vs. Decisioned Net Check for details.
It’s also important that your dealer add any Service Contract to the structure, which is reflected in the Net Check field.
On your Nicholas Financial deal under the Lender Offers tab you will notice a field called Calculated Net Check. This value is based on how you have structured the deal when you submitted it.
It’s common for lenders, however, to approve your deal a bit differently than how it was submitted. For the Calculated Net Check to match the Decisioned Net Check (i.e. the approved financed amount that came back from Nicholas Financial) you can Roll Back the Amount Financed and/or Vehicle Price to back into the Nicholas Financial approval amount.
To make your adjustments select the Roll Back button. Then adjust the Amount Financed and/or Vehicle Price (typically, you will be adjusting the Amount Financed) to match the actual approved values from Nicholas Financial. Next, select Apply to Structure. Then you can print your contracts.
You can easily reference what the lender approved under the Deal Contract tab. You want to the Max Amt. Financed to match the Amount Financed.