BCA Partner Finance will provide dealers with additional working capital and help improve cashflow and profitability after launching a new service for part-exchange vehicles.
Delivered through BCA’s Dealer Pro platform, the new facility allows dealers to appraise a vehicle and be automatically provided with the BCA MarketPrice, a real-time view of the trade price, before applying for funding.
Malcolm Thompson, managing director of BCA Partner Finance said: “A lot of work has gone into making this service as easy as possible for the user.
“Now with a single application, a dealer can appraise a vehicle, receive the BCA MarketPrice and secure funding for the vehicle, while the customer is still on site.
“It creates a unique stock management solution for the market. The Dealer Pro platform enables dealers to monitor stock levels, refresh valuations and decide which vehicles to remarket through BCA.”
BCA Partner Finance helps dealers secure funding to allow them to expand their retail operations, said a statement from the business.
The facility has grown to support over 1,300 dealers buy vehicles from an auction, both physical and online, with 120 days finance to prepare and market the vehicle before the vehicle payment is due, freeing up capital and improving cash flow.
Over 42% of dealers surveyed by BCA for the Used Car Market Report suggested they would expand their premises if they had the funds to do it.
BCA said that Dealer Pro also enables dealers to quickly and easily manage the part-exchange process while letting other members of the group see a car’s details in real-time, as and when they get uploaded, adding: “With dealers able to maintain their inventory at the touch of a screen, it gives them the freedom to see what is available at a site or across an entire dealer group.”