At Vendor Finance, we partner with car and commercial dealers across the country to make it easier for customers to buy cars & commercial assets, while making it easier for dealers to close sales. If you’re a dealer looking to increase your bottom line, we can help. Here’s why partnering with a finance broker is important for your business!
1. Improving customer experience is key to your bottom line
When making a purchase, it’s vital to make it as easy as possible for your customer to access finance options, if desired. A complicated or lengthy financial application process can draw out the timeline, and any significant time that passes, increases the risk of customer drop-off. When your customer visits your dealership and can get quick and easy access to financing, with a single application, it’s easier for you to make the sale.
That’s where we come in! With one easy, short application form, your customer will have access to a panel of lenders, and a decision within a short timeframe. This adds great value to the experience your customer has with your business – and a happy customer will tell their friends about their positive experience.
2. Partnering with a finance broker simplifies back office optimisations
Because a finance broker takes care of all the paperwork and works directly with your customer, there’s less for you to worry about and manage. At Vendor Finance, we go one step further by keeping you informed of the status of your customer’s application throughout the entire process, in real time 24/7, so you can follow along and see at a glance where your customer’s application is at. This means that you can focus on increasing sales without additional overhead costs, boosting your dealership’s profitability in the short and long term.
3. We give you the time to focus on what you do best
A finance broker is an expert in their field, just like you are an expert in your’s. When you partner with one, you’re giving your customer an excellent finance experience, and freeing yourself up to focus on your customer relationships and running your business.
4. Your customers can access the best rates available
At Vendor Finance, we partner with a wide range of top-tier lenders, and work hard to find each customer the best rate In the marketplace. Your customer has access to all this through one simple, easy-to-use application form. They can also manage their application and track its progress through their dedicated personalised portal, which means they won’t have to ring you about it. This saves your customer time and headache, provides full transparency and a secure platform to provide information, making it easier for them to make a purchase with complete confidentiality and confidence.
5. A finance broker provides access to new customers
Sometimes, a conscientious customer will come to a finance broker and get finance approved first, before choosing which asset to buy.. Once a customer knows their budget and how much they can spend, they may see that you have exactly what they’re looking for. From your perspective, you get a customer who is a motivated buyer and in a position to close the sale quickly. This opens up a new channel of sales for you with little or no effort on your part.
There are only benefits to partnering with a finance broker – You can boost your bottom line, drive customer satisfaction, increase your sales, and reduce your administrative time & costs with one easy decision.
If you’re interested in partnering with Vendor Finance, click here to get in touch today. A member of our team will be happy to help you get started!