
Auto dealers routinely encounter customers who anticipate using tax-refund proceeds as a down payment source. Dealers can quickly and easily estimate a customer’s tax-refund amount, have the customer’s tax return prepared and filed by a tax professional, and apply for a Refund Anticipation Loan (RAL) on the customer’s behalf. When the loan is approved, the dealer is able to print a check for the amount of the loan and deliver it to the customer.
By integrating and streamlining the credit application and electronic tax filing processes, RefundOne provides dealers with significant time and cost efficiencies. RefundOne reduces the re-entry of duplicate information and the overhead expense of using multiple, non-integrated solutions.