News

The latest news from iVendi and the industry

News

The latest news from iVendi and the industry

Network Q uses iVendi technology to offer online motor finance

Wed, 19/09/2018

Network Q_new

Vauxhall’s Network Q has become the largest approved used car scheme to offer online
motor finance -using technology from iVendi.

A process that will allow online customers to look at a range of Vauxhall Finance products,
calculate figures that meet their needs, and then apply online, is being added to the central
Network Q platform covering more than 300 individual dealer sites.

Clare White, marketing manager at Network Q, said: “We are committed to delivering the
best experience for buyers of used approved Vauxhalls both in the the showroom and
online, and providing motor finance on our web sites is part of that undertaking.

“We expect that offering online motor finance will drive higher both unit sales for dealers as
well as increasing penetration of Vauxhall Finance products.

“Importantly, the iVendi technology that we are using allows customers to easily use the
new online finance facilities on any device, from PC to smartphone, and will automatically
transfer from online to dealer – if you walk into a Network Q showroom, they will be able to
access details of any applications you have made.”

Richard Tavernor, chief operating officer at iVendi, added: “We have worked with a number
of manufacturers on offering online motor finance for their approved used car schemes but
this is by far the largest.

“Our experience shows that where online motor finance of this kind is adopted, it drives
higher both sales of vehicles and of finance, giving the customer a much greater degree of
control over the sales process.

“In the near future, we believe that manufacturer approved used schemes are moving to a
position where customers will very much expect an online motor finance facility to be
offered – but Vauxhall are among the first.”

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