Questions dealers ask

Your customer misses the very first payment on the loan you arranged. When that happens, the finance company can require you to buy the loan back — the entire amount, not just the missed payment. BufferLoan exists to keep that first payment from ever going late.

No. The loan goes to your customer, and BufferLoan carries it. Nothing touches your books, your floorplan, or your reserves — your dealership only pays the monthly subscription.

Nothing extra. We pay their first payment to the lender at 0% interest with no fees, and they repay us exactly what we paid — four monthly bank drafts, roughly 30, 60, 90, and 120 days out.

We retry the draft automatically. If it still fails, we absorb the loss. A missed repayment is never billed back to your dealership — that risk is ours by design.

Because the first payment is the one that triggers a buyback — miss it, and the whole note can come back to you. Later payments are between the customer and the lender; coverage for more of them may come later.

New Jersey residents who bought from your dealership. We confirm both on every application — one call to your store and a residency check — before any payment goes out.

Put a QR card in the delivery folder and answer one confirmation call from us. That’s the entire job. No forms, no processing, no collections.

Usually within one business day of a complete application. Our staff confirms the customer with your dealership, verifies New Jersey residency, and pays the lender directly — before the first payment goes late.