Thursday, February 25, 2010
What recession? - dealer finance broker has record year
A company that specialises in providing finance for car dealerships provided a record volume of funding in excess of £25 million last year.
Bridford Financial Solutions recorded its best year to date supplying group and independent dealerships with vehicle finance after securing a range of contracts with Ferrari, Aston Martin and Rolls Royce.
The Yorkshire-based company is the choice of a large number of premiership football stars, several multi-millionaires and a couple of lottery winners.
The £25 million represents a big increase from the previous year as the company continues to grow despite the recession, general spending cuts and a HPI report that smaller car dealers are facing growing problems in sourcing finance.
Owner of Bridford Financial Solutions, Tim Marlow, said: "2009 was a fantastic year for us providing over £25 million of car finance and we have already made excellent progress so far in 2010 and hope to be able to announce some new contracts and initiatives very shortly.
"As an independent financial broker we are able to operate as a dedicated finance and insurance company for dealerships whether they are group dealers or independent.
“Despite reports that smaller dealers are struggling to fund sales as finance companies abandon the market, Bridford is going from strength to strength, offering excellent levels of commissions on rates as low 5.95 per cent APR.
“This, along with us providing bespoke, tailored finance packages and excellent customer service, is why so many dealers choose to work with us.”
DATED: 25.02.10
FEED: AM
