National garage network Servicesure has provided its customers with over £1,000,000 in interest-free credit through Auto Service Finance (ASF), helping to keep their cars moving.
The payment plans available through ASF present customers with a new way to cover the expense of costly automotive repairs, allowing them to spread the payments over three months.
Commenting on his experience with ASF, Steve Todd, co-owner of The Auto Workshop in Birmingham said: “We first started using ASF on the 1st August 2019.
“We felt it would be a fantastic addition to our business, as it’s a service that currently not many independent garages offer and would therefore help us in our quest to be a true main dealer alternative, setting us apart from our competition.
“Also, it’s a great way to help our valued customers with their unexpected repair bills.
“Since starting to use ASF just over two months ago, we have taken out 18 successful applications, and we have at least 3 pending.
“ASF has surpassed our expectations, both in ease of use and popularity with our customers.”
The service is interest free, and available on any transaction over the value of £60, all the way up to £3,000.
ASF undertakes an instant credit check, which is completed online and stored electronically. There are no set-up costs or monthly license fees, and with a high acceptance rate ASF assumes full risk and liability.
Garages should apply for finance before commencing work on the vehicle by entering the customer’s details into the online ASF application form, which instantly completes a credit check to assess the customer’s eligibility.
All work can then be undertaken, safe in the knowledge that the customer has been approved to pay with ASF.
ASF will pay the garage all money owed with 7 working days minus a small transaction fee for each payment that is set up.
Paul Dineen, Head of Garage Programmes, commented: “This is just another example of the premium services we’re keen to make available to all of our Servicesure members: solutions which allow them to really compete with main dealers and demonstrate their proactive approach to customer service.
“So far, ASF has helped the Servicesure network to retain £1,000,000-worth of business that might have otherwise been lost.”