Regional finance broker Credo Asset Finance
has launched a UK-wide service for car dealerships to secure
finance for fleet in a bid to stop an estimated £25,000 in lost
business annually.
The Agreed Finance package is based on the
estimation by Credo that the average UK dealership is haemorrhaging
£25,000 a year on fleet finance deals which are falling
through.
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To avert vanishing deals and commission, Credo
has promised its new service will provide an initial credit
decision within 30 minutes, an outcome for 75% of proposals within
two hours and finance rates starting at 3% flat.
Simon Gray, managing director at Credo,
attributed the company’s speed and ability to place deals to not
being “too reliant” on credit systems, an attitude which has
already helped Mercedes-Benz of Norwich fund a £12,000 deal over
four years, an offer two other finance houses had been unable to
broker.
richard.brown@vrlfinancialnews.com
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