Adding a vehicle partner
Bring in a co-investor who helps fund a single vehicle and shares its profit.
A vehicle partner is a co-investor who puts money into one specific vehicle. They lend money towards the purchase and, when the vehicle sells, they get their money back plus a share of that vehicle's profit. This step is optional.
Two kinds of partner — don't confuse them
A vehicle partner invests in a single vehicle (covered here). A business partner invests in your whole dealership and shares your overall profit — that's a different feature, see Business partners.
Before you begin
You must have recorded the purchase and entered the purchase payment in the ledger before you can add a partner. VehicleERP will remind you if these aren't done yet.
How to add a partner
- On the vehicle's Detail page, go to the Partner section.
- Choose the partner (a party of type Vehicle Partner).
- Enter the partner amount — how much they are investing.
- Set the investment date.
- Choose the profit-sharing method:
- Investment-wise — profit is split in proportion to how much each side invested.
- Flat 50% — profit is split evenly.
- Tap Save.
TODO: screenshot — Partner section on Vehicle Detail
Important rules
- You cannot add a partner before the purchase is recorded and its payment entered.
- You cannot add or edit a partner after the vehicle is sold.
- Once the partner loan is entered in the ledger, the partner details lock and cannot be changed.
What's next
Record the partner's loan as a ledger entry, then continue with expenses or move to the sale. When the vehicle sells, you'll return the loan and share their profit.