Siebel Dealer Administration Guide > Managing Captive Finance and End of Lease (Dealer) >

About Using Siebel Dealer for Captive Finance and End of Lease

Dealers can use Siebel Dealer in the following ways:

• Credit Origination. When customers buy or lease cars, they often get loans from the financial institution specified by the automotive company. This is sometimes called captive finance. When a customer applies for credit to buy or lease a vehicle, the dealer can use Siebel Dealer to fill out the financing application and submit it to the finance company.
• End of Lease. When a customer returns a leased vehicle, the dealer can inspect, receive, and optionally buy the returned vehicle. The dealer can use Siebel Dealer to report the condition of the returned vehicle and to purchase the vehicle. If the receiving dealer does not purchase the vehicle, it is offered to other dealers using Siebel Dealer.