10:06 am, January 26, 2018
BCA Partner Finance has reported record demand in 2017 – with more than 100,000 vehicles supported in 12 months.
The business said it had grown rapidly to support more than 1,200 customers with finance facilities for used vehicle stocking, and December saw penetration of BCA sales reach 11.6 per cent.
Strong demand in the used vehicle market throughout the year coupled with the investment in a national network of sales and customer service teams supported the growth, it added.
Malcolm Thompson, managing director of BCA Partner Finance, said: ‘Our continued investment in innovation has seen our service offering grow rapidly. To make stocking decisions easier, customers can now appraise part-exchanges through the Dealer Pro application and determine whether they want to retain and fund vehicles for retail stock or remarket them.’
BCA Partner Finance offers franchised and independent dealers of all sizes 120 days’ funding on vehicles bought at BCA auction centres. It was the first finance product to launch that is specifically designed for the UK remarketing sector.
Thompson added: ‘Partner Finance affords customers greater flexibility in the stocking decisions they make and frees up capital to enable them to invest in growth.’
The service funds the whole auction purchase, including fees and VAT where applicable, with both cars and LCVs eligible for funding using the scheme.
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