BCA Partner Finance is launching a new service in the UK to help dealers fund part-exchange vehicles.
The service is delivered through BCA’s Dealer Pro platform, so that dealers can appraise a vehicle, obtain a market value and real-time trade price, then apply for funding to secure the deal.
Malcolm Thompson, managing director of BCA Partner Finance, said: “Now with a single application, a dealer can appraise a vehicle, receive the BCA MarketPrice and secure funding for the vehicle, while the customer is still on site.
“It creates a unique stock management solution for the market. The Dealer Pro platform enables dealers to monitor stock levels, refresh valuations and decide which vehicles to remarket through BCA.”
BCA Partner Finance helps dealers secure funding to allow them to expand their retail operations and has been specifically designed for the UK remarketing sector.
It has quickly grown to support more than 1,300 dealers buying vehicles from an auction, both physical and online, with 120 days finance to prepare and market the vehicle before payment is due, freeing up capital and improving cash flow.