As a Buy Here Pay Here (BHPH) dealership, MCMC sells cars and provides loans for the vehicles they sell. Customers return to the dealership to make bi-weekly payments, usually in cash, on payday.
MCMC sees a surge in customers on each payday, whether it’s the 1st and 15th of the month or on Fridays. As they expanded, they needed an efficient payment solution for a new store. MCMC also maintains their relationship with the customer when they see them come in to make payments.
MCMC had a vested interest to ensure the vehicle sold was insured. As the lien holder, ensuring the protection of their assets is an integral part of their business plan. Additionally, they wanted to avoid interruptions in the sales process if the customer left the lot to go out and buy insurance.