Trades

Trades can be managed from the Trades tab. There's no limit on the number of trades that can be added to a deal, however not all forms support lots of trades, so there may be missing information and/or formatting issues on forms.

Trades will automatically push to your inventory when you process your deal as sold. Learn More

Trade Credit

The Trade Credit field provides a credit on the deal, reducing the balances due from the customer.

ACV

The ACV (Actual Cash Value) of a trade is the cost that will go into inventory on the trade. Setting this to an amount higher than the Trade Credit will increase profit on the deal, whereas setting this to an amount lower than the Trade Credit will reduce profit on the deal.

Tax Credit

Tax credit is generally automatically applied on deals by default. You can override the amount of the tax credit by using the secret circle and changing the Maximum Tax Credit field. If a trade is leased, you can set this value to $0.00.

Payoffs

The payoff area is where you can add the customer's current loan balance to the deal. This changes the deal structure and increases the amounts owed by the customer or new lender.

When you add a payoff to the trade, the Trade Lienholder will be shown so you can select who holds the loan on the trade.

Actual Payoff

The actual payoff field should be used if the payoff on the trade was more or less than what was originally entered. This allows you to keep the deal structure the same but have deal balances and accounting reflect the actual payoff amount.

A link dialog will be shown that allows you to connect the trade from the deal to the existing vehicle in inventory without creating a new vehicle in the following situation:

  1. A vehicle is already in inventory.
  2. The vehicle is not currently associated as a trade on a deal.
  3. One of the following three things is true.
    1. The vehicle is a "current" vehicle (not sold, not disabled)
    2. The vehicle was sold in the last 365 days
    3. The vehicle is marked disabled, has no sale date, and has an in date in the last 365 days

Create new Inventory

If a trade was linked with the wrong vehicle when processing as sold or creating the trade, you can Create New Inventory to trigger the creation of a new vehicle in inventory. This will, similarly, present a link dialog if needed, but otherwise it will just create a new piece of inventory and transfer the costs over.