Moves to empower customers will mean that self-service motor finance is set to become a major trend in 2016.
Dealers should move quickly to update their web browsers or risk leaving the ‘door open for malicious attacks’, warns iVendi.
Sales staff will be able to leave customers to select their own finance package as part of a fully FCA-compliant update to iVendi’s management software.
Motor finance technology specialist iVendi have made eight new appointments in just two months as part of the business’ expansion plans.
MotoNovo Finance has launched a new concept in car finance which allows customers to facilitate their own application via an innovative new app.
London-based dealer group Now Vauxhall has adopted iVendi technology to offer a range of online finance tools to customers.
Growing use of ad blockers means that dealers will have to get increasingly sophisticated in their use of online marketing, said e-commerce specialist iVendi.
James Tew, Ivendi chief executive, believes the industry needs to be offering more choice for motor finance at point of sale to avoid further FCA regulation.
iVendi has updated its recently-unveiled online motor finance decisioning tool to make sure it meets new Financial Conduct Authority (FCA) requirements.
Sturgess Motor Group has signed a deal to use a range of iVendi’s online motor finance tools to drive sales through its used car websites.
Analysis from users of the iVendi Car Finance Checker shows that more than four out of five are financeable by each dealer’s panel of lenders.
Budget 2015 highlights, 50 days from the general election.
