Friday, January 12, 2007
Consumer debt presents finance opportunity for dealers
The UK’s rising consumer debt problem could present dealers with a major opportunity to boost finance sales.
According to Carlyle Finance chief executive Mark Standish, increased over indebtedness should make secured lending in the showroom look far more appealing to car buyers.
“Dealer finance is not immune to the wider rise in bad debt levels but because most point of sale funding is secured on the car, acceptance levels will remain high,” he said.
DATED: 12.01.07
FEED: MT
According to Carlyle Finance chief executive Mark Standish, increased over indebtedness should make secured lending in the showroom look far more appealing to car buyers.
“Dealer finance is not immune to the wider rise in bad debt levels but because most point of sale funding is secured on the car, acceptance levels will remain high,” he said.
DATED: 12.01.07
FEED: MT
