Singer & Friedlander Insurance Finance has signed agreements with Lumley Insurance Consultants and dedicated motor insurers ASA to provide premium funding facilities through dealers and intermediaries.
The use of S&F's web-enabled e-InsuranceFinance technology allows dealers to offer one-stop shopping for insurance products and funding for premiums. Dealers can select the most appropriate products from a range of options for customers and bundle them into one single monthly payment.
Tony Worthy, SFIF managing director said: “When people talk of finance in the motor industry most automatically think only of funding the outright cost of the car. But finance can also be used to fund insurance needs, from a comprehensive motor insurance policy to extended warranties and maintenance plans.”
Dealers using the Lumley Dealer Network system can use S&F to provide customers with a unique range of insurance and warranty products including motor insurance, warranty, servicing and MoT cover with a single agreement.
ASA Insurance provides dealers with fixed price, multi-year policies directly from the showroom computer terminal. “Our e-commerce finance system provides the facility to produce insurance finance quotes and options over the internet using browser technology,” said Mr Worthy.
“Dealers can streamline administration, eliminating the high level of paperwork that traditionally flows between them and the finance companies.”