A motor finance tool is being launched by iVendi this week that it claims will be the fastest and easiest to use.

Quick Quote works on smartphones, tablets and PCs and requires three pieces of information - registration, mileage and cash price - to generate a quote.

James Tew, iVendi chief executive, said: "This is a fully featured finance quoting tool that works with the dealer's full range of finance products from their panel of lenders - but is much, much simpler to use than anything else on the market.

"It's portability - the fact that you can quote for the customer as they walk around the showroom looking at different vehicles - opens up a world of possibilities. You can underline the affordability of a car on the move.

"Dealer staff can even propose via their phone or save quotes and other information to the central iVendi Platform."

Quick Quote forms part of the new generation of the iVendi Platform, which was launched last month.

"The Platform is designed to provide the means to manage all of a dealer's motor finance activity. It contains a number of genuine innovations including Quick Quote and our new in-showroom micro comparator.

"The system creates an infrastructure within which dealers can change completely the way they sell finance to both online and in-showroom customers."