Member Article

ASF aftersales payment method rolled out at 850 UK dealerships

New payment solution passes recent milestone as total customer uptake exceeds £6 million.

Over the last 18 months, ASF’s payment solution has been installed in franchised dealerships for leading brands such as Jaguar Land Rover, Peugeot, Citroën, Ford, and Vauxhall, as they aim to give greater flexibility to consumers while driving revenue in aftersales departments. Dealerships Motorline and Cambria have also now expanded the availability of ASF across their groups.

ASF enables customers to split aftersales payments across three monthly instalments. There is no added cost to the customer as dealerships pay a small transaction fee on the total purchase amount. Recent ASF data has also shown that credit awarded to customers has now exceeded £6 million, doubling in less than 6 months as more customers begin to use the payment method.

Dealerships have found their customers have been able to go ahead with work using ASF that they otherwise couldn’t have afforded, allowing them to ensure their vehicles are safe and operational, while managing the cost. Steve Hallam, Aftersales Manager at TC Harrison Ford Peterborough, said: “In our first eight days using ASF it helped our customers buy an additional £3,900 of repairs, which is a win-win as it makes us easy to do business with as a dealership”.

Jack Allman, Co-Chief Executive Officer at Auto Service Finance, said: “The growing number of dealerships rolling out our payment method is really encouraging, and shows that there is a gap in the market for this kind of funding solution. Providing small, structured, payments allows customers to invest in quality repairs and upgrades for their vehicles while ensuring the costs are manageable.

“While motorists benefit from algorithms that provide near instant suitability feedback and the ability to pick their payment dates, dealerships are able to sell more work in their service departments and demonstrate a degree of flexibility, which is always appreciated by customers.”

For more information about ASF visit https://www.autoservicefinance.com

This was posted in Bdaily's Members' News section by Auto Service Finance .