iVendi shares pathways for dealers to modernise motor finance operations

A new white paper from iVendi sets out three strategies for dealers and finance providers to modernise their motor finance operations.

Titled Three Routes to Modernising Your Motor Finance Offering, the paper responds to growing consumer expectations, tighter regulation and mounting competition across the sector.

The paper suggests traditional finance models and outdated administrative processes are no longer fit for purpose for the industry.

James Tew, CEO at iVendi, said: “Motor finance is currently facing big challenges in several areas - consumers who are increasingly demanding when it comes to retail technology, an ever-higher level of regulation aimed at protecting vehicle buyers and unwelcome and perhaps unfair attention over past practices.

“As a direct result of these developments, dealers are working to create new and more effective finance propositions for consumers, while lenders are looking for innovative ways to deliver their products compliantly in an ever more competitive sector.

"The white paper is designed to provide ideas that you can apply to your business right now, producing measurable results in a matter of days, weeks and months.

"The motor finance market is going through a demanding moment of change – but it is also bringing new opportunities and the concepts we cover can help identify them."

The white paper is available for download now at iVendi’s website.