| We negotiate the best possible rates and terms due to the strength of our buying power and therefore we are able to help our clients increase revenues from within their Finance and Insurance operation |
We know that even redirecting a relatively small percentage of your retail paper will make a significant difference to your bottom line, and also give you another option in terms of where you can place your finance proposals, at a time when the options open to you are becoming more limited and proposals more difficult to place.
Example
Abc motors transact £15m of retail paper per annum, 30% of which is hire purchase on a term of 42m or greater. Their average balance is £9000 so they transact 500 cases per annum in this category.
If you compare the rates and terms that we offer you to those of your current finance house and multiply the extra profit per deal (by in this example 500) you will see that there is an opportunity to redirect these finance cases and maximise your profit per finance case and also leave yourself with a strong proposition to present to customers for cash conversions, further enhancing your potential for incremental profit.
There could well be significant additional benefits, such as a lower commission debit-back period than your current finance house, no obligation to offer uncompetitive finance house insurance products, no personal loan uplift and volume bonus being paid monthly if required to aid cash flow, all of which allied with lower scale rates will make a positive difference to your business.
| Convinced ? You should be. If not contact us and tell us why and we will convince you otherwise. |  |