Articles

Reinvention of finance has seen penetration increase 40%

MotoNovo has launched a new approach to finance that has seen a large pilot group of over 100 dealers increase their finance penetration by 40%. Deputy CEO, Karl Werner, talks about the new MotoRate risk-based pricing model...

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MotoNovo announce CBILS support

MotoNovo Finance is now able to provide additional support to the dealer community as accredited ‘Introducer’ for the Aldermore Coronavirus Business Interruption Loan Scheme (CBILS)...

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Dealer trust building - addressing customer car finance complaints

The FoS set out its five year strategy with a strong message of 'preventing complaints and unfairness'. CEO Mark Standish observes "preventing complaints should be seen as crucial and should be ‘baked-in’ to product and service development"...

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As personal loan access tightens dealer finance can shine

New data suggests it's becoming harder and more expensive for consumers to access unsecured personal loans. The economic fallout from the coronavirus pandemic has proved a challenge of unsecured loan providers which Deputy CEO Karl Werner notes...

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MotoNovo’s £40K give-away charity drive helps charities across the UK

Over 10 days, our car took a virtual drive across the web donating a total of £40,000 to 20 charities, to say thank you for helping those most in need during the outbreak.

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Dealers can benefit by building reassurance online

With the vast majority of car sales starting online and recognising that many customers will be seeking reassurance before visiting a showroom, dealers can help themselves by building this reassurance prominently into their digital presence...

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