Moneyway Deals to Win in 2012
|Awards > Aftermarket|
When it comes to the dealer financing providers, the Institute of Transport Management is always on the look-out for innovation and credibility, products that customers believe in. It is because of this that the Institute has awarded Moneyway Motor Finance the title of “Best Dealer Finance Provider 2012”.
Dealers are looking for a finance provider that will ultimately gain them more sales, and this is exactly what Moneyway Motor Finance does. It aims to make things as simple as possible for the potential customer. Everything is arranged quickly and easily online, with benefits such as straightforward credit applications, with instant credit acceptances confirmed by fax. Other features include a user-friendly payment calculator, documents immediately available online and fast, accurate payout.
Moneyway knows that closing deals can be difficult and aims to combat this, helping secure finance options for customers who might otherwise have been declined. The company is aware of how difficult it is for dealers to go through the sales process, organise a test drive and get a deposit, only to then not be able to complete the sale due to declined finance, and this is what it can really help with.
Moneyway’s focus is on lending for vehicles aged up to 10 years and 100,000 miles and priced below £15,000 and it has been a hit with dealers around the UK; surveys have revealed that they value Moneyway’s customer service and would recommend the company to a friend – always a mark of quality.
Moneyway is owned by Secure Trust Bank, which last November raised £25m capital investment in its listing on the Alternative Investment Market. The capital was secured for investment in growth and acquisitions. Since launch in 2009, Secure Trust Bank’s motor finance business has grown its net outstanding loan book to £48.4m.
According to the ITM:
“Dealer finance providers that offer a great product that can help secure sales are very valuable in the current climate. Everything about the Moneyway product is designed to make the dealership’s job easier, starting with the application process. Dealers simply have to complete the online registration and Moneyway then email the further documentation for them to complete and return by post. Once the application has been checked and accepted, the dealer gets log-in details to access the online proposal system and start making sales. This is exactly the kind of system that can give dealerships a leg up and it is because of this that the Institute has named Moneyway ‘Best Dealer Finance Provider 2012’. Congratulations to all involved in its success – it is very well deserved.