Tag Archives: Finance

Interactive Financial Marketing Group Processes Five Millionth Auto Loan Application — Milestone Marks Eight Years of Growth in Auto Finance Lead Generation

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Richmond, VA (PRWEB) February 1, 2011

Interactive Financial Marketing Group (IFMG), a division of Dominion Enterprises, today announced it has distributed 5,000,000 online auto finance loan applications to its Carloan.com dealer network.

The key to achieving this significant accomplishment is the diverse network of auto finance web sites and partnerships that IFMG manages, combined with a proprietary lead routing system. Given the efficiency of its robust routing engine technology, IFMG has validated, screened and distributed an average of 625,000 car loan applications per year since the launch of the system. It achieved this historic level despite the recent economic downturn that has adversely impacted both the automotive and finance industries.

Prior to building the online marketing systems it currently uses for lead generation, IFMG kicked off its operations in 1989 using vanity phone numbers. Customized 800 numbers like 1-800-CAR-LOAN and 1-800-AUTO-LOAN generated auto finance applications that were then delivered to its dealer partners. The 5,000,000 application mark does not include applications that were received and processed before IFMG made the leap to the Internet in 2002.

“This is a landmark event in the history of IFMG,” said Tom Feary, General Manager of IFMG. “It reflects the trust that car buyers have in our auto finance websites such as Carloan.com, and the level of service our dealer network provides to those seeking a vehicle through financing. We’re looking forward to many more strong years connecting dealers to car buyers ready to be financed.”

IFMG invites auto dealers to visit Carloan.com at booth #2046S at the NADA Convention and Expo, February 5-7, 2011 in San Francisco to learn how they can join the Carloan.com dealer network.

About Interactive Financial Marketing Group:

Interactive Financial Marketing Group (IFMG) is a pioneer in lead generation, validation and management services for the automotive industry. By focusing on innovative approaches to lead generation since its inception in 1989, IFMG has developed a family of brands that includes hundreds of the most recognized Internet addresses and vanity phone numbers such as Carloan.com, Autoloan.com, 1-800-CAR-LOAN

Further Expansion for Asset Finance Broker First Independent Finance Limited

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Ayrshire, Scotland (PRWEB) September 20, 2006

Ayrshire-based asset finance broker First Independent Finance Ltd continues its rapid expansion with the announcement of substantial new business, staff appointments, and an innovative new service for personal customers.

The company has secured two new major national accounts with Kubota UK Ltd (tractor and groundcare products) and United Rental Systems, a network of around 300 quality independent rental companies offering car, van and minibus rental right across the UK.

First Independent Finance will be providing both Kubota and URS with financial packages to help their customers acquire equipment and vehicles.

This rapid expansion of First Independent Finance Ltd has seen the need for the company to employ a new National Accounts Manager to ensure its larger account clients get a co-ordinated support package.

John Morrison (54) has been appointed to take on the role of developing relationships with major UK suppliers of industrial equipment.

John brings to FIF a wealth of experience with 36 years in the banking and finance industry. He has previously worked with NatWest, Barclays, Bank of Scotland, Hitachi and De Lage Landen, specialising in developing national accounts.

First Independent Finance Ltd has also increased its Agricultural and Commercial sales team in the Ayrshire area, with the addition of yet a further Local Account Manager, Jamie Rankin (23).

Jamie was previously with the Royal Bank of Scotland and Abbey National.

“For some time it has seemed strange that we do more business in Kent and Aberdeen than we do here in Ayrshire” says First Independent Finance Ltd managing director Allan Ross.

“Some of that is due to customers not being aware of what we do in our home county, and we needed to resolve that by strengthening our Ayrshire team in order to help local businesses looking to raise funds for the purchase of cars, commercial vehicles, agricultural equipment, computers or other items of plant and machinery.”

And First Independent Finance are also expanding their financial services to personal customers, with the opening of the company’s new Loan Shop in Stewarton, staffed by Brian Kilpatrick and Gayle Neely.

First Independent’s rapid growth over the last seven years has given it increased purchasing power with the major banks and finance houses, which the firm can then in turn pass on to its customers in the form of cheap low interest rate loans.

At present, personal loans of up to

ACF Car Finance Report UK Car Sales Up Despite Credit Crunch

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(PRWEB) November 7, 2007

The much publicised “credit crunch” which has seen interest rates rise sharply this year has not scared off UK car buyers, says ACF Car Finance.

The UK market came in at 419,000 units (+1.3%) in September, which is thought to have been spurred on by the new registration plate which pushed private retail sales up by 1.5%. The UK market performed better than was expected, despite fears of a slowing economy and the increased cost of borrowing money.

A spokesman for ACF Car Finance (http://www.acfcarfinance.co.uk/ ) said:

“Despite predictions that the car sales would fall in light of the recent credit crunch, we have in fact seen a small increase in the market. It’s impossible to know what will happen over the next few months, and yes, car credit (http://www.acfcarfinance.co.uk/car-credit/ ) may be affected along with other forms of borrowing, but we’re hopeful that the car retail industry will continue to prosper”.

Car sales and related markets such as car finance (http://www.acfcarfinance.co.uk/ ) have seen steady growth in Eastern Europe and Asia, in line with the rapidly developing economies of these areas.

Poland has seen growth of 19.6% compared with last year; Indonesia has seen a rise of 20% and Russia claims to have experienced a massive rise of 50% in September. Similar stories are being reported in China, Vietnam and Korea. Increased infrastructures and a rise in the standard of living and more disposable income, are leading to a greater number of people being able to afford to buy a car (http://www.acfcarfinance.co.uk/used-cars/makes-model/ ).

About ACF Car Finance

ACF (http://www.acfcarfinance.co.uk/ ) Car Finance are UK experts in car and bike finance, car loans and car credit. ACF Car Finance allows both UK tenants and homeowners to obtain secured loans, applying the loan to the borrowers’ car rather than their home.

ACF Car Finance boasts a range of branches across the UK, including in West London, Luton, Maidstone, Bristol, Birmingham, Manchester, Leeds and Mansfield – with a new branch opening soon in Livingston, Scotland. The company also allows customers to conveniently apply for a car finance plan online or via telephone.

ACF Car Finance is a trading style of The Funding Corporation (2) Limited. Registered Number 4757277. Registered Office: International House, Kingsfield Court, Chester Business Park, Chester CH4 9RF.

PR Contact:

Study Reveals How Car Finance is Helping LA Secretaries to Drive BMWs, say FinanceAcar

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London, UK (PRWEB) January 20, 2011

Despite the fact that US cars are approximately 35% more expensive than UK cars, a study carried out by the US National Automobile Dealers Association (NADA) has revealed that on average, American secretaries are much more likely to drive a BMW than their UK counterparts doing the same job but who typically drive a Ford Focus or equivalent.

According to research by the NADA which car finance experts FinanceAcar concur with, the average cost of a new car in the US at the beginning of 2010 was $ 28,400, or

Concept Car Credit Strengthens Position in Used Car Finance

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Manchester (PRWEB) July 16, 2009

After the closure of competitor “Welcome Car Finance”, Concept Car Credit announced today that their position in the field of car finance and second hand cars had considerably strengthened. Bucking recent downward trends in the industry due to increasingly risk-averse banks keeping the supply of loans low, demand for the company’s services in car finance had remained rock-solid over recent months.

“Finance acceptance rates have fallen to as low as 10%, denying the vast majority of our customers the ability to upgrade their old car”, said Des Porter, Concept Car Credit’s Managing Director. “Although there have been many casualties in the used car and car finance arenas, we believe that we can come out the other side as an even stronger, more efficient business”.

Drivers for success have included reducing the price of used cars below the official motor industry valuations, professionally referred to as “Glass’s retail value”, as well as undertaking more detailed reviews of every applicant’s current residential, employment, marital and financial position. Offering customers an unusually wide range of models at Concept’s used car showroom has constituted another key factor.

“Smaller, low emission, fuel efficient cars are very popular at the moment and we sell a large number of Ford Focus and Fiesta, Vauxhall Corsa and Astra, Fiat Punto and Renault Megane, particularly the smaller engine, diesel models. Seven-seaters are also in-demand at our used car showroom, with Vauxhall Zafira, Ford Galaxy and Renault Grand Scenic the most sought-after”, Porter explains.

Pushing the drive for innovation on the hard-fought market for used cars and finance, Concept Car Credit Manchester also announced they were considering setting up their own finance book in the event that the availability of credit for customers did not considerably improve in the next 12 months.

“Concept Car Credit Ltd is a family-run used car retailer with over 7,000 vehicle sales in the past five years to its name. Concept not only offers cars from a wide range of wholly-owned stock, it also provides vehicles from a nationwide network of suppliers, putting virtually any make or model of car at the disposal of its customers. As the name suggests, Concept Car Credit also has a broad range of credit facilities available to its clients, including products for customers who may have experienced financial problems in the past. Concept is authorised by The Financial Services Authority and is based in North Manchester, but caters for customers across the country”.

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ACF Car Finance Moves Out of the Bike Sales and Bike Finance Market

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(PRWEB) March 12, 2008

ACF Car Finance, the UK car finance provider has announced their strategic business decision to stop selling bikes and bike finance.

The decision was made by ACF Car Finance (http://www.acfcarfinance.co.uk/ ) as a result of low volume sales in the bike market, which made it unprofitable to continue with the bike finance area of the business. ACF Car Finance has announced that the move will allow them to concentrate on what they do best – selling cars and car loans (http://www.acfcarfinance.co.uk/used-cars/used-car-loans/).

Norman Beaumont, Sales and Marketing Director for ACF Car Finance (http://www.acfcarfinance.co.uk/car-finance/ ), commented on the move:

“It is important for us to focus our energy on the core business and the market place that we understand inside out, cars and car finance.”

David Challinor, Group Director of Operations, added:

“The decision was made earlier this week and we’ve endeavoured to communicate the message as quickly as possible to ensure everyone is made aware of the situation.”

ACF Car Finance has been in the car sales and car loan market for over 7 years and have served thousands of people since it began trading. The move from the bike market will allow ACF Car Finance to channel 100% of their resources into serving new and existing customers and help even more people to find car credit (http://www.acfcarfinance.co.uk/car-credit/ ) and purchase a car.

About ACF Car Finance

ACF Car Finance is a UK company that offers car finance, car loans and car credit. ACF Car Finance boasts nine branches across the UK including Isleworth, Dunstable, Maidstone, Bristol, Birmingham, Manchester, Leeds and the East Midlands – with the latest branch now open in Livingston, Scotland. The company allows customers to conveniently apply for car finance online or via the telephone.

ACF Car Finance stocks a wide selection of vehicles, most of which are between two and four years old, come with a full 136 point quality inspection and an independent M.O.T, so customers can be confident that they are purchasing a reliable car.

ACF Car Finance Limited. Registered in England Number 4757280. Registered Office: International House, Kingsfield Court, Chester Business Park, Chester CH4 9RF.

ACF PR Contact:

ACF Car Finance Offer Customers a New Range of Deals on Cars and Car Finance Packages

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(PRWEB) August 5, 2007

ACF Car Finance, UK experts in supplying cars and car finance, are offering customers a range of special deals — from cashback to cinema passes.

The latest promotion allows customers to take advantage of a two-for-one cinema pass to Vue Cinemas — valid until the end of April 2008 — simply for attending their appointment with a member of branch staff. That means everyone has the opportunity to drive away in a newer car and to celebrate with a trip to the cinema.

Customers interested in a part exchange can also take advantage of the fact that ACF Car Finance is now offering a

Bad Credit Car Finance ? Top 10 Tips From Moneybarn

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Petersfield, West Sussex (PRWEB) August 19, 2011

Bad Credit Car Finance: Top 10 Tips

Car Finance Tip 1: Need Versus Want

We?d all like to see a Range Rover on the driveway, but be realistic about the car you can afford to finance. The costs of fuel, insurance and servicing aren?t getting any cheaper, so think about what is affordable now and in the future and not just your dream car! By looking online or in motoring magazines, you can get a rough guide to how much it?s likely to cost you each month and this is a good place to start. moneybarn have a responsible lending policy and we?ll never lend more than you can afford to comfortably pay ? make sure you?re sensible about what you can really manage too.

Car Finance Tip 2: Look To The Future

It?s tempting to buy a car with your heart and not your head! Whilst we all get emotionally attached to our cars at some point, try and consider financing a car that will meet your needs for the duration of the finance agreement and not just the next couple of months. Equally important is to remember that if you buy wisely, when your car finance deal ends, you will have a car that has retained more value that you can then use to invest in your next car. Most car magazines feature information on the cars that have the best residual values in the UK which are well worth looking at.

Car Finance Tip 3: Research

Take the time to research your chosen car and the types of bad credit car finance products that are available carefully. Once you?ve got an idea of the car you want, take the time to compare your options. There can be a huge difference in quality and price between dealers across the country and there will always be another car around the corner, so try not to compromise. In other words, don’t buy the first car you see! Use the internet to create a shortlist of cars and also consider researching car reviews and owners? forums which can be invaluable in helping you find the right car for you. It?s also important to choose the right finance product ? the types of agreement available can sometimes be confusing and at moneybarn we spend a great deal of time talking to customers about their options before they buy ? talk to us if you want any advice, we?re here to help.

Car Finance Tip 4: Put Together A Monthly Budget

Before you commit to a car finance deal, do your research. Find out the cost of insurance, check the road tax you?ll need to pay and do some investigation into servicing costs and the price of consumable items like tyres and brakes. Most car finance companies require that you keep the car serviced in accordance with the manufacturers schedule, so if you can?t afford to keep the car in good order, it?s unwise to take out a finance agreement.

Car Finance Tip 5: Get Your Finances In Order

Once you know the car you need, how much it?s going to cost and that it?s affordable to run, take the time to get your personal and financial information sorted out. Make sure you?re on the electoral roll, check your credit file to ensure it?s accurate and get your banking, employment and identity documents ready in one place! At moneybarn, when we review your car finance application, our process is more involved than just looking at your credit score ? we need to see evidence of your employment, address and identity and also check that the car you want is affordable. It makes the whole process a lot easier and quicker if you have these items to hand!

Car Finance Tip 6: Choose Your Lender Wisely

There aren?t very many actual lenders left in the ?bad credit car finance? market as some lenders got caught out by the economic downturn. This makes it even more important that when looking at car finance companies, you make sure you are dealing with a reputable, secure and customer focused organisation. moneybarn have been trading for nearly 20 years (through 2 recessions) and have had a recent multi-million pound investment so we?re here for the long term!

Car Finance Tip 7: Be Accurate and Honest

It?s amazing the amount of applications we get from people who omit information from their paperwork or try and pull the wool over our eyes! When considering bad credit or poor credit car finance applications, it?s even more important that we have an accurate and complete picture of whether you can afford car finance with us. If you put false information or leave out information that you think will harm your chances of being accepted, the chances are we?ll find out and reject your application straight away! We?re sympathetic lenders ? we?ll consider applications if you?ve been through an IVA or bankruptcy, but we definitely won?t consider applications that aren?t genuine. It may also harm your chances of getting credit at all in the future if you provide false information, as most lenders share details of fraudulant applications.

Car Finance Tip 8: Negotiate

Once car finance has been approved, use this to your advantage with your local dealer. A prospective customer with funds in place is much more attractive to a salesman than someone without, so work hard to get a good deal. Even if you can?t get a discount on the price of the car, try and get some added value from your new purchase ? free servicing, extended warranties or discounted accessories are often available ? if you don?t ask, you don?t get!

Car Finance Tip 9: Inspect, Check and Drive

It goes without saying that before you sign on the dotted line of the car finance agreement you should test drive and thoroughly inspect the car you want to buy, but there is much more you can do to make sure your new car is in good shape. moneybarn recommend you invest in a professional inspection (The AA and the RAC both do these) before buying ? these are a basic check that the car isn?t likely to cause you major problems in the near future. By checking out car reviews and forums you should also be able to get an idea of common issues or things to look out for on particular models ? make sure you ask questions of your dealer if you see or read anything relevant to your car. And always look at the service history, consider when then next major (and minor) service is due, the time until the next MOT and how much tax is remaining on the car.

Car Finance Tip 10: Read The Paperwork

However you choose to finance your car, it?s vital you read through the paperwork before going ahead with the deal. It?s important to understand the specific terms of your car finance agreement, the implications of non payment, your rights under a finance agreement and where to turn to if you need help. At moneybarn, we?re always happy to guide new customers through the paperwork and answer questions.

About moneybarn

moneybarn creates more opportunities for more consumers to finance the purchase of cars with a responsible, ethical and inclusive approach to car finance. With over 20 years experience of working with customers with unusual and non conforming backgrounds who may have experienced difficulties obtaining credit elsewhere, moneybarn is the UK?s leading specialist car finance provider. More information can be found at http://www.moneybarn.com

Adrian Leaman

Bad Credit Car Finance Trends: Vauxhall Dominates The Top 10 Most Popular Non Status Cars

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Petersfield, Hampshire (PRWEB) August 25, 2011

Bad Credit Car Finance Trends: Vauxhall Dominate The Top 10 Most Popular Non-Status Cars

Cars manufactured by Vauxhall and prestige cars from BMW, Audi, Mercedes, Land Rover and Honda all make it into the top ten most financed cars in the non-prime market according moneybarn, the UK?s leading specialist car finance company.

Topping the list of cars chosen by moneybarn customers is the Vauxhall Astra, with the BMW 3 Series tied in second place with the Ford Focus. The Range Rover, Mercedes C Class and the Honda Civic all feature in a list that is quite different to the wider car buying market.

With new car sales continuing to fall month on month*, all manufacturers will be hoping for a sales boost when the new 61 plate models hit the forecourts. According to Autotrader, the most viewed car on their new car website is the Ford Fiesta. Even better news for Ford ahead of the September ?61? plate change is the Ford Focus being the second most viewed car. These results are broadly in line with sales figures from 2010, when the most popular new cars (by sales volume) in the UK ** were:

1. Ford Fiesta

2. Vauxhall Astra

3. Ford Focus

4. Vauxhall Corsa

5. Volkswagen Golf

6. Volkswagen Polo

7. Peugeot 207

8. BMW 3 Series

9. Mini

10. Nissan Qashqai

In contrast to these mainstream car buying trends, moneybarn have announced that the bad credit car market features a number of prestige and performance cars in a list which is otherwise dominated by Vauxhall.

1.