Sell more vehicles and earn more money with Optimo Fin
Fin is a tool for you to buy vehicles you can sell within 60 days without using your money. Important: concentrate on volume rather than on high margins. Don’t buy vehicles which are hard to sell with Optimo Fin. Use Optimo Fin for the extra profit you earn with fast selling vehicles.
What is Optimo Fin?
Optimo Fin is part of your purchase contract with OPENLANE Europe and allows you to defer your payment for your vehicle purchase for a small daily fee for maximum 60 days from the delivery date or from the moment the pickup authorization is sent.
Optimo Fin advantages
Optimo Fin offers you the convenience to defer the payment of your OPENLANE purchase for a small daily fee for up to 60 days.
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How much does it cost?
Optimo Fin comes with a fixed product fee and has a daily fee that adjusts based on the purchase price of your vehicle.
Important:
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The charges for Optimo Fin are 60€ plus the daily Fin fee.
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The unused time of the deferred 60 days will be refunded, based on when OPENLANE receives the payment. Bear in mind that a minimum fee will be retained based on the value of the car.
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Any overdue payment will result in additional costs. See overdue Fin fee and explanation below.
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| Price of the car | Daily Optimo Fin fee | Minimum Optimo Fin fee | Overdue Optimo Fin fee |
| ≤ € 5.000 | 3,00 € / day | 100 € | 32 € / Week |
| ≤ € 10.000 | 4,00 € / day | 125 € | 42 € / Week |
| ≤ € 15.000 | 5,00 € / day | 150 € | 53 € / Week |
| ≤ € 20.000 | 6,00 € / day | 175 € | 63 € / Week |
| ≤ € 25.000 | 8,00 € / day | 200 € | 84 € / Week |
| ≤ € 30.000 | 10,00 € / day | 200 € | 105 € / Week |
| ≤ € 35.000 | 12,00 € / day | 200 € | 126 € / Week |
| > € 35.000 | Not available | ||
What happens if you cannot pay the vehicle within 60 days?
As of day 61 your payment becomes overdue and OPENLANE has to do the following:
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OPENLANE will charge you a € 250,- administration fee and an additional overdue Optimo Fin fee per started week, depending on the purchase price of your vehicle.
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OPENLANE will retain the vehicle documents until the purchase and additional fees are paid in full.
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OPENLANE will start legal actions as soon as the ongoing communication is discontinued and the additional costs and fees for this legal process will be charged to you.
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We recommend you actively communicate with our customer service team if you become overdue with your payment.
We expect you to provide more insights into why you are in overdue with your payment and urge you to propose a plan to pay the overdue amount within a reasonable time frame to avoid legal actions.
How does it work?
STEP 1: After you have bought a car, you confirm your purchase in My account and choose Optimo Fin.
STEP 2: You pay the daily Fin fee for 60 days plus the product fee and the fee for the transport immediately via online payment.
STEP 3: OPENLANE will deliver the car to the HUB or to your doorstep, without you having paid for it yet.
STEP 4: The 60 days deferred payment period starts after the release of the Pickup Authorization of the car or on the delivery date in case of delivery to your premises.
STEP 5: As soon as you have paid the car, you receive the car documents within 2 to 3 working days. You can download the Final invoice from My account, and you get a refund for the difference in daily Optimo Fin fee, if you pay sooner than 60 days. Important: The minimum Fin fee varies depending on the total price for the car.
STEP 6: You can order Optimo Fin for up to 5 cars at the same time, or until the combined value of the ordered cars has reached € 70.000. You will see the status on the car detail page and in My Account.
How do I become eligible for Optimo Fin?
Optimo Fin is only available for customers who meet the eligibility criteria and who are registered in one of the following countries: Slovakia, Germany and Spain.
How can you start using Optimo Fin?
When you confirm your vehicle purchase in "My Account", choose your preferred delivery option and then select “ Optimo Fin”. Log in to OPENLANE Europe and use Optimo Fin for your purchases today!
Questions?
For more information about Optimo Fin, please contact our customer service.
OPENLANE allows you to apply for your vehicle purchase the payment scheme Optimo Fin, which allows you to pay for the purchased vehicle up to 60 days later. Please note that if you don’t pay before or on day 60 after vehicle delivery or pick-up authorization is sent to you, OPENLANE will charge you a € 250,- administration fee and an additional overdue Optimo Fin fee per starting week, depending on the purchase price of your vehicle as indicated above.
¹ You must be registered at openlane.eu and qualify for the Optimo Fin program.
² Fin must be repaid within 60 days after the release of the Pickup Authorization or in case of local delivery, on the delivery date.
³ May have up to 5 vehicles on Optimo Fin or a maximum value of €70.000.
Dealers will not be eligible to use Optimo Fin if their OPENLANE account is blocked or they do not comply with the OPENLANE eligibility rules for this service offer.
Fin excludes 1) vehicles that are above €35.000; 2) damaged vehicles or wrecks; 3) margin vehicles; 4) light trucks; and, 5) large commercial vehicles.
