A recent study illustrated that over half of consumers within the UK used retail credit at some point throughout 2015 and experts predict that this will grow further in 2016. There are a number of companies now that offer 0% APR finance. This is a
To offer finance without a CCL is hugely simple. All the dealer has to do is follow the following steps.
- Make sure the fee is repayable in monthly
instalmentsand that the full balance is paid within a 12 month period;
- There is an agreement to fiancé the acquisition of goods;
- There are no arrangement fees hidden fees for the borrowings
If this is marketed by the dealer correctly it can have an enormous impact on the increase of sales and also spend per ahead, especially if accessories are also included.
The improvement of technology has made the process of applying for finance very simple. The applicant no longer needs to wade through pages and pages of paperwork they are able to apply online through a process that will take minutes and a decision will be given instantly.
Many retailers are now using point of sale finance offering as a way to grow their business by making their products more affordable and at the same