Blue Motor Finance is one of the UK’s premier consumer motor finance companies, voted 21st in the 2018 FT1000 Europe’s Fastest Growing companies1. Blue is a direct lender and offers dealers a true one-stop-shop, giving flexibility to offer a competitive finance package to approved customers. Blue gives dealers best-in-class service with a focus on the latest technological innovation, risk management and the highest standards of regulatory compliance.
Blue recognises the challenges that dealers face and know that they need a fast and seamless end-to-end service. As a direct lender Blue are able to help unlock sales that might previously have been out of reach because there was no finance options available, or it took too long to get an indication of risk appetite from potential lenders.
Blue’s entire system infrastructure is based on flexibility and speed, and this is at the forefront of their award-winning financial technology. With one integrated and seamless system from dealer signup to account management; it is low cost, efficient, simple to use and capable of significant scaling.
Advanced technology enables Blue to operate across the whole credit market and have a range of integrated scorecards and risk policies that allow the maximum amount of business to be written. Blue’s approach means that proposed deals will fall through the tiers until accepted (or rejected outright). Blue’s processes allow us to perform one credit search that will only be recorded on the customer’s credit file once the deal has paid out.
For customers that fall outside of Blue’s lending criteria, Blue’s specialist deal making team act as a broker to help find alternative finance options through other specialist lenders.
Wanting to provide more finance options, the introduction of an extended term (6 or 7 year) product gives customers more choice and flexibility.
The Dealer App Store enhances Blue’s offering by enabling dealers to manage everything from quotes, applications, reports and payouts in one simple application with new developments being regularly rolled out.
Customers have full visibility of their accounts via Blue’s online customer portal.
1 View the full FT1000 listing here: https://ig.ft.com/ft-1000/2018/