Supporting dealers beyond the norm
How is First Response Finance different to other finance lenders?
The world of vehicle finance can be a confusing place. Many lenders have different criteria, leading to uncertainty and hesitation. At First Response Finance, we’re all about simplifying the process and giving you reliable support as a specialist lender. That’s why we’ve taken the time to review our own lending criteria, chat with our underwriters, and get the facts straight. Let’s bust some common myths about vehicle finance.
Will finance companies consider 125cc bikes?
First Response Finance provides finance for 125cc bikes. While it’s true that many vehicle finance companies don’t consider smaller-engine bikes, we’re different. We understand the demand for these vehicles and are proud to support customers looking for affordable, practical, solutions.
Is 100,000 miles the maximum mileage finance companies will consider?
Many lenders impose restrictions on vehicles with higher mileage, often declining them outright. However, at First Response Finance, we understand that vehicles with more than 100,000 miles can still be reliable and valuable. We regularly provide finance for vehicles exceeding this mileage threshold, giving dealers and their customers more options.
Are vehicles over 10 years old automatically excluded?
Some lenders limit financing options for vehicles over 10 years old, but we don’t. At First Response Finance, we provide finance on hundreds of vehicles over this age every month. We believe that older vehicles can still meet customer needs and deliver great value, so we don’t let age be a barrier.
Can provisional licence holders access finance?
While it’s true that many finance companies won’t consider applications from provisional licence holders, we take a different approach. At First Response Finance, we’re one of the few lenders who can consider these applications—subject to additional checks. This flexibility means you can help a wider range of customers secure the vehicles they need.
Can customers in active IVAs (Individual Voluntary Arrangements) get approved for finance?
It’s often harder for customers in active IVAs to secure vehicle finance, but it’s not impossible. As a specialist lender, we’re experienced in supporting customers in this situation and can often find a way to help them secure finance. This opens up opportunities for dealers to serve a broader customer base.
Do only employed customers get approved for finance?
Employment status isn’t always a deciding factor. At First Response Finance, we consider applications from customers in receipt of benefits, as well as those who are self-employed or working on an agency basis. Our flexible criteria mean that dealers can confidently offer finance solutions to customers with diverse employment circumstances.
Can Category D/N vehicles be approved for finance?
Many lenders steer clear of vehicles with condition markers like Category D or N. However, First Response Finance can approve these vehicles in certain cases. Additional documentation may be required, and it’s essential that customers fully understand the vehicle’s condition. Transparency is key to ensuring a positive experience for both dealers and customers.
Can customers with low credit scores be approved?
While a low credit score can make securing finance more challenging, it doesn’t have to be a dealbreaker. At First Response Finance, we specialise in working with customers who may not meet the criteria of traditional lenders. By taking a more holistic approach to applications, we aim to provide opportunities for those who might otherwise be overlooked.
Is submitting finance applications a lengthy and complicated process?
At First Response Finance, we’ve streamlined the application process to make it as simple and efficient as possible. Our Dealer Portal is designed with dealers in mind, offering clear guidance and fast responses. This ensures you can focus on serving your customers without unnecessary delays.
Do vehicle finance companies stop supporting dealers after a deal is made?
We pride ourselves on building lasting relationships with our dealers. At First Response Finance, we’re here to support you every step of the way. From providing marketing materials to offering training and guidance, we’re committed to helping you succeed.
Does the minimum lend prevent my vehicles from being approved?
Some lenders do have larger minimum lends than others. Here at First Response Finance, our minimum lend is only £1,000, giving your customers more options and you more opportunities to sell more vehicles on finance.
Why Partner with First Response Finance?
We’re more than just a finance provider. By choosing First Response Finance, you’re partnering with a company that values your success as much as its own. With a commitment to flexibility, transparency, and dealer support, we help you offer competitive solutions to your customers. Whether it’s cars, vans, or motorbikes, we’re here to make vehicle finance accessible and straightforward.
So, if you want to work with one of the best sub-prime finance companies in the UK, First Response Finance is here for you. Our flexible criteria, award-winning service, and consistent recognition from the industry, we are the go-to sub-prime finance company in the motor trade that you can trust.
Partner with us and experience the difference of working with the best subprime finance lenders, dedicated to helping you and your dealership get more deals over the line. If you don’t currently work with First Response Finance and would like to discuss how we can help you and your sub-prime customers, click the relevant button below, and Brad from our team will be in touch to discuss how we can help you sell more cars on finance.
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