Hire purchase lender 1st Stop Car Finance has become
the latest company to install DealTrak, the motor dealer finance
management system run by Frontline Solutions, with the expectation
of funding new business.
1st Stop specialises in keeping the
car-buying process simple and informative for the customer. Taking
up the DealTrak software, the first finance lender to do so, will
enable 1st Stop to manage its proposal receipts and
responses within one system.
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The move offers the potential for a lender
such as 1st Stop to expand its client base among brokers
using DealTrak, such as Auto Union Finance, one of the largest
independent vehicle and finance brokers in the UK, which
joined the system last month.
David Enright, managing director of 1st Stop
Car Finance, said: “We started our HP division in May 2010 and have
built a fantastic platform. Our funding partners recognise this and
we have funding to increase business levels and see DealTrak as a
key partner in realising our future success.”
richard.brown@vrlfinancialnews.com
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