Flexible installments for automotive businesses

Most financing options fall into three categories: in-house payment plans a shop manages itself, third-party loans that require a credit application, and card-linked installments that use a customer’s existing credit card. Each works differently for approval speed, risk, and how much the customer has to disclose to get approved.

Card-linked installments work across auto repairs, car parts, and routine service, giving repair shops, service centers, and independent mechanics one payment solution instead of a different process for each type of sale. The same plan runs across channels: in-store, online, over the phone, or on-site, so a mobile mechanic can send a payment link from the roadside just as easily as a front desk can create one at checkout.

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.