Fleet News

SMA extends stock funding service

SMA Vehicle Remarketing is extending its partnership with Vehicle Trading Group to offer dealers an even wider stock funding service, backed tup with on-site stock funding offices and support across the SMA network.

The new service will enable dealers to fully fund vehicles covering 100% of auction sale price, including auction and delivery fees.

It is a service available to dealers using both SMA’s digital and physical auctions.

The upgraded service now available enables dealers to fund this stock for up to 120 days with no restrictions on age or mileage on the vehicles. 

The cost is a fixed fee ‘pay as you go’ option that helps to enhance cash flow. There are no hidden charges.

To support dealers and provide a face-to-face service, an on-site funding office will be available, supported by fully trained personnel, who can arrange and tailor an appropriate service.

The first office opens at SMA Leeds on December 1, 2013 with the rest of the network available by January 1, 2014.

Dealers can also take advantage of a range of other support services, including:

  • Consumer Finance – dealers can access a range of finance facilities including prime and sub prime services.
  • Warranty services - Vehicle Guard provides an any age/ mileage two-year warranty product available to dealers at a heavily discounted corporate rate.
  • AA Cover – all supporting dealers selling stock through AA Cars will be able to offer their customers a year’s worth of AA cover, completely free. 

Bob Anderson,managing director at SMA Vehicle Remarketing, said: “The stock funding option has proved very popular and we think we can help dealers beyond our centres right onto the forecourt with a range of options that provide them with additional choice, backing this up with face to face expertise. Above all, what we are showing is that we are interested in helping our dealers to succeed from stock acquisition to customer sale.”  

Click here for remarketing best practice and procurement insight

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