Evolution Funding has launched a dedicated Leisure and LCV division, and appointed Chris Reid as head of Leisure and LCV.
To go with the launch, the broker launched a point-of-sale loan product, AccessoryPlus. This takes the form of a loan to be sold at the dealer for customers wishing to purchase accessories for their LCV or leisure vehicle.
The loans are offered through Evolutions lender panel, with Evolution Loans being one potential option.
Customers will be able to purchase accessories through the loan both at point-of-sale and at a later date, if they return to the dealer in the future.
Reid said: “We recognise that in the leisure and bike markets, accessory sales are crucial to our dealers’ overall profitability and customer retention.
“We wanted to find a way of giving both our dealers and their customers added value during their buying journey and an accessories loan has proven to be the best way.
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“The beauty of this initiative is that AccessoryPlus sits separately to the HP agreement and so the customer has complete control over how they use the loan, whilst creating an opportunity for our dealers to sell more accessories.
“The whole process is quick and simple, giving the customer an alternative to using a credit card or personal savings. What’s more, the decision timescales are not delayed at all since they form part of the same application.”