INDEPENDENT motor finance provider, Alphera Financial Services, has unveiled a new seven-day underwriting initiative to support its broker and retail partners.
The company will be opening later in the evenings during weekdays and working longer hours on Saturdays – for the first time, the underwriting service will also be available on Sundays.
It is no secret that, as consumers, we are all looking for increasing convenience and flexibility in the way that we shop
This innovative scheme is thought to be the first seven day underwriting service provided by an independent finance company. Following a year of record growth, Alphera has also increased the size of its underwriting team by more than a third
Andy Gruber, Director of Alphera Financial Services, said;
“It is no secret that, as consumers, we are all looking for increasing convenience and flexibility in the way that we shop.
“The automotive sector has responded by implementing extended showroom opening hours but, until now, it has been difficult to conclude the conversation with the consumer if the finance could not be authorised.
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“Last year saw record finance penetration figures and all the signs are that 2015 could perform strongly as well. We’re committed to playing our part and helping our partners to write even greater business volumes, all while treating the customer fairly.
“Stripping out waiting times and simplifying the process will allow retailers and brokers to focus on the car buying journey, supporting consumers throughout their decision-making and, ultimately, prompting loyalty and return business.”
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