Mike Britton of Barclays Partner Finance explains why the launch of conditional sale and PCP products will make 2013 a ‘big year’ for the lender
2013 is set to be a big year for Barclays Partner Finance.
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Since transferring our operations from Glasgow to Cardiff in 2010, we’ve been growing at a rapid pace, with 2012 breaking all records.
To achieve that, we’ve focused our efforts on building expertise in the provision of unsecured lending products, and the combination of standard unsecured loans plus balloon and top-up loan facilities has been the key to our success.
But we know perhaps better than many that the motor finance industry never stands still.
So now, as we move into our second decade, we’re pleased to announce the launch of two new secured products to our range – conditional sale and personal contract purchase loans.
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By GlobalDataThese fresh new loans are designed to complement our existing range, giving greater choice and helping our dealer partners serve more customers and keep them coming back.
We know that PCP is an informed choice and our residual value product gives our dealer partners a ‘self select’ option that, in combination with our other products, gives a full range of finance solutions.
Our PCP product provides an alternative funding solution for cars up to four years old, giving generous loan-to-value terms at the beginning of the agreement, plus the security of a guaranteed minimum future value at the end.
As you’d expect from Barclays Partner Finance, we’ve kept the admin side of things easy too.
There’s no extra work needed to apply for the new finance deals – our system chooses the correct product for your customer. And our approval processes are geared to a fast delivery. In fact, we auto-decision 80% of our proposals, paying them out within an hour – including on weekends.
Our mission is, and always has been, to deliver value by providing a distinct and tailored solution, focused on the needs of our dealer partners and their customers.
Above all we want to work collaboratively with our partners to drive more customers into their showrooms by providing fair and transparent finance options, making the funding of a customer’s purchase easy and their buying experience enjoyable.
That’s why during 2013, we’ll continue to develop our range and proposition, with exciting new products and services that widen our range and make us even easier to do business with.
So to find out just how easy that could be, why not get in touch?
We can tell you how we can help drive showroom traffic, keep customers coming back and ultimately get more of those all-important signatures on the dotted line.
Just call us now on 0844 8117747*. We look forward to beginning our partnership.
Mike Britton is a sales director at Barclays Partner Finance
*Calls will cost no more than 5.5p/minute, plus 12.5p call set-up from a BT landline. Calls from other operators and mobile phones may cost more.
