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Motor customers are agreeing finance deals anytime, anywhere. Here's how
Home / Dealer Resource Hub / Help With Online Sales / Motor Customers Are Agreeing Finance Deals Anytime, Anywhere. Here's How
COVID-19 has normalised online buying in the motor trade
A contactless customer journey is now possible with online finance tools
Customers have given positive feedback on remote sales
The handover predicted to become primary reason for customers visiting dealerships
One thing we’ve all got used to during the COVID-19 crisis is buying more over the internet. It’s no surprise that online spending on items like groceries and fashion has increased. But so too have purchases in categories such as cars, caravans, Powered Two Wheelers (PTWs) and even houses, which most people would never usually dream of buying without 'trying for size'.
Giving customers more freedom, giving dealerships more customers
While past surveys have suggested an underlying demand for a fully digital buying journey in the motor trade, COVID-19 has rapidly normalised online sales, which may otherwise have taken years to evolve. According to a recent Auto Trader survey, 15% of consumers are still uncomfortable about visiting a showroom[1]. Realistically, the only way to reach these buyers is with a fully digital, contact-free service.
At the start of the pandemic, when customers needed a way to sign credit agreements remotely, we launched an enhanced version of our popular online finance tool SignIt Anywhere. By eliminating the need for face-to-face meetings to complete a sale, this service has made it possible for dealers to offer a truly contactless customer journey.
Customers agree their financing option via a secure online portal* and receive their vehicle by click and collect or a delivery service. True, it may not have the human touch of face-to-face sales. But what the digital sales journey lacks in personality it certainly makes up for in convenience.
* Upper finance limit, some driving license restrictions apply.
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Finance provided by Black Horse Limited, St William House, Tresillian Terrace, Cardiff CF10 5BH.
Black Horse Limited Registered in England and Wales with registered number 661204.
Registered Office: 25 Gresham Street, London EC2V 7HN