New tool for faster leasing proposals

Lengthy paper based quotations and approvals on leasing products are now a thing of the past thanks to a new service provided as part of Bank of Scotland Dealer Finance's state of the art point of sale finance system.

As part of the motor finance providers online portal Connections, supporting dealers can now electronically quote, apply and seek approval for leasing products using an online system which replaces a slower paper-based set up, cutting hours of time spent filling out paperwork. Plus the changes open up Bank of Scotland Dealer Finance products for limited companies, partnerships and sole traders to apply online, as well as the existing retail market.

The changes have been made as a result of feedback given by dealers who have requested quicker ways to close deals with or without balloon payments.

What is more, supporting dealers can now search for and track the progress of all their deals, giving maximum control to those that need it. The site also gives dealership staff the ability to switch between finance products and so remodel the figures in the proposal to suit the customer's requirements.

Decisions can be made while customers wait, helping to close more deals and enhancing the professional reputation with superior customer service.

The modifications to the site reaffirm the company's commitment to leasing services, after a number of motor finance providers dropped out of the leasing market. Bank of Scotland Dealer Finance also aims to make this leasing service available to its LCV customers, with a proposed roll out via the Bank of Scotland LCV team in May.

Paul McGill, Senior Director at Bank of Scotland Corporate, said, "Feedback from our dealers has led to us making these changes. Our research said that the speed of providing quotations and approval was something that most motor finance providers could improve upon. We have acted upon this feedback and are proud to have a new online service that gets rid of unnecessary paperwork and is one of the quickest ways to make HP and leasing deals happen."

Dealership staff can obtain a customer quotation in around one minute, reducing the amount of time it takes Bank of Scotland Dealer Finance to respond to the hundreds of leasing enquiries it receives each month.

For further information email or call us on 0845 603 8816. Opening hours are Mon-Thur 9am-6pm, Fri 9am-5pm, Sat 10am-2pm.