We’ve just released our latest white paper, Three Routes to Modernising Your Motor Finance Offering, and one thing is clear - dealers and lenders who fail to evolve could be losing out on approvals, customers, and revenue.
The motor finance industry is at a turning point. Buyers expect seamless, digital-first finance experiences, compliance demands are more stringent than ever, and outdated processes slow down approvals and cost businesses opportunities. Yet, many dealerships and lenders are still relying on legacy systems that create friction in the customer journey.
So, how can your business not just keep up - but get ahead?
Our new white paper explores three key strategies to modernise motor finance. Here’s a preview of what you’ll learn:
1. Rethinking Motor Finance: Making the Consumer the Priority
Traditionally, motor finance has been built around a dealer-to-lender model, with finance structured around limited provider options. But modern buyers expect choice, speed, and transparency - and the businesses that offer this will win.
By shifting to a consumer-first approach with a multi-lender model, dealerships and lenders can:
✅ Offer instant finance comparisons
✅ Increase approval rates
✅ Improve compliance and transparency
✅ Enhance the overall buying experience
🔎 Example: A 2023 KPMG report found that 81% of UK consumers expect finance applications to be processed instantly online. Yet, many dealers still rely on manual referrals and slow approval processes. The businesses that adapt to meet these expectations will gain a significant competitive edge.
2. Driving New Efficiencies Through Technology
The right digital tools can eliminate bottlenecks, reduce admin work, and enhance the consumer journey - all while helping businesses close more deals.
Here’s how technology is reshaping motor finance:
Multi-lender platforms streamline the application process by removing manual data entry.
Self-serve finance tools let buyers explore their options at their own pace, increasing engagement.
AI-driven insights help lenders and dealers make smarter decisions, reducing costs and improving conversion rates.
🔎 Stat: A survey by Motors.co.uk found that 71% of buyers are more likely to choose finance if all the information they need is available online. Businesses that offer a clear, digital finance journey will see higher adoption rates and increased revenue.
3. Recognising the Benefits of Compliance
With the FCA’s Consumer Duty regulations, compliance is no longer just about ticking boxes - it’s a business differentiator. Consumers are more likely to choose a dealership or lender that prioritises transparency, fairness, and clear communication.
Key compliance strategies to adopt:
Embedding clear, lender-specific finance content into the buyer journey
Using real-time eligibility checks to help consumers make informed decisions
Implementing digital record-keeping to ensure FCA compliance
By embracing compliance as a competitive advantage, dealerships and lenders can build trust, credibility, and long-term customer loyalty.
Download the White Paper Today
The motor finance landscape is evolving fast, and businesses that modernise their approach will be the ones that thrive.
Our white paper, Three Routes to Modernising Your Motor Finance Offering, provides practical insights and real-world strategies that dealers and lenders can apply right now to stay ahead.
📥 Complete the form below to receive your free copy today and start building a smarter, more efficient, and consumer-focused motor finance proposition.
At iVendi, we’ve been at the forefront of connected vehicle retailing technology since 2009, helping dealers and lenders transform the way they do business. With millions of consumers engaging with our platforms every month, we continue to lead the way in modernising motor finance.