How to handle dealer fee for finance options?

This article focuses on how you can handle the dealer fee for finance options.

OpenSolar provides flexibility on how the pro wants to handle the dealer fee for a loan/integrated finance payment option. They can add a dealer fee (% and/or $) to a loan payment option and set different default behaviours.

Scenarios Handled

• ability to automatically increase the system cost and system price by the dealer fee amount
• ability to adjust the dealer fee applied to the system price compared to the system cost. 

How to setup dealer fee? 

This functionality is available under the control zone> Payment Options> Edit Payment Option

• Turn on the 'Dealer Fee' toggle to use the Dealer Fee functionality:

• You can enter the dealer fee as a %, as fixed ($) or both 

• Dealer fee adjustment field allows you to adjust the dealer fee that is passed to the customer. For example, if the dealer fee of the payment option is 8%, and the fee should not be passed to the customer, the dealer fee adjustment will be set as -8%. In this example, the cost of the system will include the dealer fee of 8%, whereas the system price will have a dealer fee of 0%. The profit margin therefore will reduce by 8%. 

As always, should you run into issues, don't hesitate to contact us at support@opensolar.com for assistance.