THE FINANCES OF THE MOTOR TRADING MARKET
Page 38
If you've noticed an error in this article please click here to report it so we can fix it.
A sound, reliable and friendly financial service is a primary requirement for traders in cars and commercial vehicles. And nowhere could you find a more thoroughly experienced and dependable finance service than Lloyds & Scottish.
The Lloyds & Scottish system means, firstly, that distributors and dealers are able to maintain and display a full range of models. Arrangements can be made for finance facilities immediately you want vehicles for stock.
Lloyds & Scottish will finance demonstration models, including the purchase tax.
For retail sales, Lloyds & Scottish service is equally prompt. There are special retail hire purchase rates; the documentation is simple, and the procedure is straightforward.
Additional facilities
Lloyds & Scottish also offer dealers a variety of additional facilities—for such things as stocking, and improving or extending their premises.
"Good Business" features include rapid acceptance, a systematic followup service, and notification when contracts are completed. A letter of appreciation is sent to your customer as well, the aim being to satisfy each customer so that he will want to come back to you for his next car.
Modern service features range from an unusually simple agreement form to generous pre-settlement terms with a Credit Voucher for your customer.
Leasing and contract hire
For fleet owners, Lloyds & Scottish are also equipped to arrange leasing and contract hire facilities through their subsidiary company, Lloyds & Scottish (Leasing) Limited.
The leasing arrangements—the advantages of which are many—are as simply arranged and as speedily conducted as all other Lloyds & Scottish business, and every Lloyds & Scottish branch will deal with leasing arrangements as well as direct hire purchase.
Lloyds & Scottish is owned by two great banks—Lloyds Bank and National Commercial Bank of Scotland. It has a network of local offices in over 80 large towns, it has been established for over 40 years.
For help in the financial side of expanding your sales, enquire at any branch, or at the address below.