Flexible installments for automotive businesses
Offer flexible financing options for auto parts, and maintenance services. Splitit enables your customers to split payments using their existing credit card, so no new loans, no credit checks and no added complexity to your checkout process.
Automotive financing without new loans
Splitit is the only card-linked installment solution that allows automotive merchants to offer payment plans without increasing customer debt. Splitit operates within existing credit card regulations, keeping your business compliant and your customers financially secure.
Unlike traditional auto repair financing or car parts payment programs that require loan applications, Splitit leverages the available credit that consumers already have on their cards. This means higher approval rates for your business and a more responsible payment experience for your customers.
How Splitit’s automotive payment plans work
Splitit embeds seamlessly into your existing checkout flow, whether online, in-store, or over the phone. Your customers simply select their preferred payment plan at checkout using the credit card they already have.
Whether your customers are purchasing high-ticket auto parts or scheduling vehicle maintenance , Splitit makes it simple. We empower customers to manage their auto-related expenses responsibly while keeping your checkout process simple and efficient.
Use existing credit cards for higher approval rates
There’s no underwriting, no hard credit inquiries, and no impact on your customer’s credit score. If customers have available credit on their card, they can use Splitit.
Our approach delivers over 85% approval rates, versus an industry norm of 35-40% for traditional financing. With no applications, underwriting, or SSN required, there’s no friction at checkout.
Use existing credit
Splitit removes the high risks of legacy BNPL by using existing credit, meaning there is no underwriting and we won’t hurt your shopper’s credit rating.
There are no hidden fees or added interest (standard credit card T&Cs still apply), regardless of how much your customers are spending on vehicle maintenance or new auto parts.
No registrations or redirects
Splitit embeds in the current purchase flow allowing any consumer with an active credit card to use the service – there’s no third-party registration or application needed.
Our card-linked installments allows garages, dealerships, and auto parts stores to offer financing for large purchases during the checkout process. Customers don’t need to apply for new credit or create a new finance account and can easily access and manage their installments post purchase through our shopper portal.
Zero default risk for your automotive business
Splitit operates with customers’ existing credit cards – their installment payment plan lives within the limits of their existing credit card. This means there’s no risk of defaulting on payment – should a customer miss their payments, the total order amount will be charged to their card. You receive guaranteed payment while customers get the flexibility they need.
Ready to fuel your business growth? Let’s get into gear.
Our team is ready to show you exactly how Splitit can increase your sales, improve customer satisfaction, and give you a competitive edge in the automotive market. Book a no-obligation consultation to discuss your specific business needs.
Frequently Asked Questions
Splitit allows customers to use their existing credit card to split auto repair costs into monthly installments without applying for a new loan. There are no credit checks, applications, or impact on credit scores. Customers simply select their payment plan at checkout, and Splitit manages the installment schedule automatically. Merchants receive guaranteed payment with zero default risk.
Splitit places an authorization hold for the full purchase amount on the customer’s credit card when they create their payment plan. If a customer misses an installment payment, the full remaining balance is automatically charged to their card. This means zero default risk for merchants, so you never need to pursue collections or write off bad debt.
Any automotive business with average transactions over $500 benefits from Splitit. This includes auto parts retailers, repair shops, collision centers, dealerships, tire shops, and automotive e-commerce platforms. Businesses selling high-ticket items: performance parts, custom wheels, engine components, or comprehensive service packages, see particularly strong results with higher approval rates and increased average order values.