In a bid to help motor dealers increase their finance sales, leading new and quality used vehicle finance specialist, Singer & Friedlander Finance Ltd, has adjusted its acceptance fee pricing strategy on finance agreements to enhance dealer sales.
All lenders charge an acceptance fee for a loan, which can cost up to Ј200 for the customer. As it often has to be paid before taking out the loan, it can deter potential buyers from taking out a loan with the dealer. However, Singer & Friedlander Finance Ltd has capped its finance agreement fee, providing a much more attractive proposition for the customer. In addition, they are allowing the fee to be incorporated within the usual finance monthly payments.
