Get Closure

Thu 9th March 2017

The first half of 2017 is looking tough for new car dealerships. According to one recent BBC investigation, nearly one in five new cars entering the UK is now pre-registered; a practice that enables dealers to ‘buy ahead’ in order meet manufacturers’ sales targets. Pre-registration isn’t for the faint hearted; it ties up large amounts of dealership revenue in forecourt stock and requires dealers to take on all the risk associated with selling at ‘nearly new’ discounted prices, often 20% or more. 

Sarah Jackson, Sales Director, Equiniti Pancredit, explains how new e-signature technology is helping dealerships close motor finance sales in minutes, gaining a competitive edge by enabling customers to drive away on the same day.