just when you had thought you had seen it all

[David Stevenson]

quote Allister Wells:

Today i saw an advert from a local sign company ..Have your vehicle wrapped no credit checks pay weekly from £25…really wtf!!!!….im sure their customers will be queing up in their rusty old fiestas where the wrap wont stick lol
why do people even target people who cant afford it all they are doing is making their job hard …even harder chasing the money and more so cheapening the industry !!

Just think how many weeks it would take to cover the cost of the vinyl & labour never mind make a profit!

[Phil Davies]

Small print probably says *£25 per week for 52 weeks, includes a wrap of 1x door handle …..

[David Hammond]

30% deposit, the rest on the drip, interest free.

They should be FCA registered if offering credit to consumers.

I’m in no rush to start offering pay weekly 😆

[Kevin Mahoney]

Can’t be much of that type of work kicking around that neck of the woods, I don’t think I’d be very keen to go down the financing route. If you can’t afford our services we wish you well in your search for cheaper suppliers. NEXT!

[Chris Wilson]

We did a little bit of digging on this. The idea being to offer big contracts the chance to pay over time. I didn’t do enough digging and haven’t picked it back up as haven’t had time.

However what will happen is the car will quoted at full price. They apply for finance with the customer. If the customer is approved the money gets handed over in a lump sum, customer then pays the finance company £25 a week for next 52 weeks.

There is a bit of paper work to go with it. Everything has to be very safe for all 3 parties.
If they can’t afford it, it’s not your problem. You keep your money, you’ve done your part and effectively just recommended someone to get a loan and a loan company in the process.

Very few brokers will touch this industry though, I would imagine less with wraps.

[Steff Davison]

Seems a good idea, make it more affordable to people who havent got the money. Potentially higher price point.

Record level of new credit card debt last month, the way the economy works has changed.Were being consumed by an ever growing debt mountain.

On a lighter note….. 28 days to xmas. :smiles:

[Simon Worrall]

quote Steff Davison:

On a lighter note….. 28 days to xmas. :smiles:

Lighter? That’s 28 more days to go into debt!

[Steff Davison]

quote Simon Worrall:

quote Steff Davison:

On a lighter note….. 28 days to xmas. :smiles:

Lighter? That’s 28 more days to go into debt!

Or 28 days to take money

[Jamie Palmer]

We offer finance through a finance partner, we have the permisable FCA and pay for this yearly at £250. There are good reasons for offering finance and not because the customer can’t afford it (in fact that doesn’t help anyone). The main reason is the net cost of finance with a finance lease B2B (Sole trader / partner Ltd company) has huge tax advantages reducing the cost of the borrowing by up to 21%. This means typically leasing £1000 over 2 years roughly costs £1160 net. So in short it’s cheap borrowing and saves cash flow. My business has benefited in increased sales and higher spec jobs since offering finance to clients.