MINNEAPOLIS — Wolters Kluwer Financial Services announced this week that it has launched RefundOne Q4.

This program is the latest edition of the company's tax estimation solution for buy-here, pay-here dealerships, allowing them to estimate a customer's 2009 federal tax refund at the dealership in the fall instead of waiting for tax season.

Basically, the customer can then decide if he wants to use the estimation as a basis for deferring down payment on a purchased vehicle until the tax refund arrives from the IRS.

Wolters Kluwer Financial Services' warranted Bankers Systems retail installment contracts are integrated into the RefundOne Q4 program, contractually tying a customer's deferred down payment obligation to the purchased vehicle as collateral, officials explained.

This is designed to help protect both the dealership and the customer, and meet compliance requirements of the Federal Truth in Lending Act, they added.

"RefundOne Q4 is an ideal tool for buy-here, pay-here dealers as they look for ways to attract potential buyers to their dealerships in a difficult market," said Lee Domingue, chief executive officer of Indirect Lending at Wolters Kluwer Financial Services.

"It helps dealers make more sales and reduce their inventory at the end of the year, while simplifying regulatory compliance for the dealership," he added.

The company created RefundOne Q4 to expand on and complement its original RefundOne credit application and tax preparation service for dealers.

RefundOne is used during tax season to estimate a customer's tax refund amount, prepare a customer's tax return and apply for a refund anticipation loan on the customer's behalf.

This technology can help dealers better serve customers in January and February when the market typically starts to see an increase in tax-related vehicle sales.

For more information, visit www.WoltersKluwerFS.com/info/RefundOne.