A rate cut to 4.5% across all Payment Assist’s three-month payment plans is aimed to assist dealerships increase their sales conversion.
The move is being seen as a step to let dealer partners help their customers spread the price of serious repair bills.
Chris Masters, chief business officer at Payment Assist, said: “Our model is easy – an efficient, proven, single-source solution for aftercare, repair and value-added finance needs. By reducing our rates across all 3-month plans, we aim to assist franchised dealers offer fair and accessible finance options, improve their conversion rates and support future growth.”
A provider of flexible finance solutions for the automotive sector, and owned by AIM-listed Manx Financial Group, Payment Assist has already served a couple of million customers and processed over £900 million in transactions.
It really works with greater than 8,000 garages and dealerships within the UK, providing buy-now-pay-later and retail finance.
It said its customer first approach means it’s renowned for providing seamless solutions for the franchised dealer community.
Masters added: “We have the desire to make offering flexible finance easier than ever for franchised dealers. That’s why we integrate with multiple market-leading systems, including Keyloop, eDynamix, Purchase Direct and EMaC, amongst others, to make sure a smooth fit into existing processes. This, alongside our commitment to bringing modern recent products to market, signifies that dealers are assured of a sector-leading, streamlined solution.
“With highly competitive rates and a partnership-led approach, we’re enthusiastic about setting the industry standards and supporting long-term business growth.”
This Article First Appeared At www.am-online.com
