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Grosvenor launches dealership finance division

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Grosvenor Contracts has launched a new division to provide main franchise dealerships with a fast alternative source of contract hire and leasing for their fleet customers.

Giles Bolton (pictured) is heading up the new division called Grosvenor Corporate Finance.

He said: “Corporate business is vital to dealerships but reliant on good finance partnerships.

“Working closely with proactive and determined contract hire providers can help make or break deals because when a business client shows an interest in leasing vehicles under a contract hire agreement the process of underwriting, quotations and the associated paperwork must be slick, fast and professional.

“Underwriting acceptance levels currently sit at around 50% for small to medium sized business and having previously worked for manufacturer finance teams I know from personal experience how incredibly frustrating it can be for dealerships to have to wait for credit decisions because the opportunity can be lost.

“This is why Grosvenor Corporate Finance has been set up with efficiency in mind, offering fast underwriting decisions and competitive pricing.”

As an independent contract hire provider Grosvenor Contracts will be able to make its own underwriting decisions in-house.

It has already helped many vehicle dealerships with a contract hire solution in the past - the launch of this new division gives dealerships a dedicated team to work with.

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