The key to the product is that it requires only three pieces of information – registration, mileage and cash price – to generate a quote. While Quick Quote is a fully featured finance quoting tool that works with the dealer’s full range of finance products from their panel of lenders, it is much, much simpler to use than anything else on the market, whether on a smartphone, tablet or PC.
This device flexibility makes Quick Quote highly portable – you can quote for the customer as they walk around the showroom looking at different vehicles or even while on a test drive. Simply, you can underline the affordability of a car on the move. Dealer staff can even propose via their phone or save quotes and other information to the central iVendi Platform, removing the need for rekeying.
Quick Quote forms part of the new generation of the iVendi Platform, which uses an events-driven architecture to makes the sales process transparent, allowing the dealer to provide increased choice to the consumer.
The Platform creates an infrastructure within which dealers can completely change the way in which they sell finance to both online and in-showroom customers, helping to fundamentally improve the whole motor finance process. It is designed to provide the means to manage all of a dealer’s motor finance activity and contains a number of genuine innovations including not just Quick Quote but an in-showroom micro comparator and a finance pre-qualifier.
Once a customer has been taken through quotes on an initial basis with Quick Quote, they can use the Platform to generate multi-source quotations, identifying the lender that meets their particular needs. Having made a decision, they can use the pre-qualifier to see the likelihood of being approved for their chosen lender and others. All of this can be done by the dealer alongside the customer or, more radically, by the latter on a ‘self serve’ basis within the showroom.
We believe that self-serve will become one of the key in-showroom room motor finance trends of the next few years. Everyone intuitively understands how self-service works online outside the showroom but it is the in-showroom aspect that is perhaps the most exciting. It really puts the customer in control of their own choices.
In a post-FCA motor industry, there is a realisation that placing as much of the motor finance process as possible in the hands of customer works well for all parties. Quick Quote – and the whole iVendi Platform – are at the leading edge of this development.