CarMoney, the rapidly expanding Motherwell-based motor finance business, is reaching out to motor dealership across the UK with a package of enhanced services to make it easier for them to sell cars.
As a means of providing better support to motor dealers by getting them faster acceptances and helping to convert online and in-store customers, as well as securing them faster pay outs, CarMoney has invested heavily in both people and new automated processes to integrate with Codeweavers, one of the UK’s biggest finance calculator providers.
Sales Director, Niall Cameron, said: “Under my direction, the number of motivated individuals in our dealer team has risen sharply, and they will now be supported directly by the resources of our proposals and payouts team, which sends consumer applications to lenders, to ensure the fastest possible track to motor dealer pay outs.
“With these new arrangements in place, I can promise all motor dealers the best standard of dealer support in the country.”
Despite lockdown the number of UK car motor dealers working with CarMoney has increased by 30 per cent already in 2021.
Chris Ismay, General Manager at David Hayton Group said: “CarMoney has been a brilliant help in supporting our business through the last 12 months of lockdowns.
“Where some lenders and brokers shut up shop at the start of the pandemic, CarMoney has been there working away in the background, making sure we can still get finance for our customers.
“With restrictions now starting to lift, we are looking forward to seeing what else we can do together in 2021 to help more customers get a great deal on a new car.”
CarMoney is set to order point of sale materials for motor dealers including branded pricing boards, silent salesman holders and flags. Once trialled successfully in Scotland, the PoS materials will be rolled out across the UK.
CarMoney works with Fintech businesses, AutoConvert and Xero, to increase efficiencies and to give customers and dealer partners a faster, slicker experience when financing a car.
The company is disrupting the market across the UK by applying technology to take away the discomfort of buying a car through helping customers smoothly navigate their way through the process, all the way from choosing the right vehicle from a respected dealer, to putting the best finance package in place.
Growing demand for e-commerce transactions means that CarMoney is accelerating its pace of progress in recruitment, technology, operational performance, and colleague training.
CarMoney, which secured £879m of approved car finance in 2020 for 6805 vehicles, up from 5736 in 2018, is divided into Retail and Dealer Teams. The Retail Team provides borrowers with a guaranteed funding package before they buy a car, thereby putting them in the best possible position to negotiate on price.