Santander Consumer Finance (SCF) is set to launch its online loan application platform, expanding its support for dealers.
The service has been trialled by a number of selected dealers ahead of the platform’s launch for partners already using Santander Consumer Finance’s online finance calculator.
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The system is integrated into the dealer’s website and customers will be able to source a finance quote on the calculator before applying in Santander Consumer Finance’s secure online platform.
Customers receive a real-time decision on their selected product and accepted customers can then choose to sign their documentation at home or at the dealership.
Stewart Grant, commercial director at Santander Consumer Finance, said: “This is a significant step in our digital marketing strategy and underlines our commitment to supporting our dealer network in maximising sales and profitability within the growing digital market.
“It is a huge achievement for the teams involved at Santander Consumer Finance to be able to launch two Online Application systems in less than four months and within a year since the project was first planned.”
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By GlobalDataEarlier this year SCF launched a wholesale finance facility for selected dealers at vehicle auction and remarketing group Aston Barclay. The wholesale finance proposition enables dealers to purchase stock at Aston Barclay’s six auction centres in person or online and then charge the cost to their wholesale facility with Santander.
The move is intended to allow dealers to benefit from faster turnaround on vehicles purchased through Aston Barclay as well as enhanced cashflow management.
Andy Green, Santander Consumer Finance marketing director said: “We are always looking for new ways to further strengthen the support we provide to our dealer partners and the facility for Aston Barclay is an important development. It helps dealers with cashflow as well as streamlining the process of buying stock.
