MotoNovo Finance – Very Much Open for Independent Finance

Finance access problems for 73% of dealers Motor Finance

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MotoNovo Finance - so much more than motor finance
To be candid, we were somewhat taken aback by the statistics quoted by HPI, because we (and others in our sector) are actively prospecting in all sectors of the market to further build our business.

(PRWEB UK) 13 April 2012

New research findings by HPI suggesting that 73% of independent dealers feel a lack of access to finance is damaging their ability to sell cars is a statistic that surprised MotoNovo Finance, which is very much open for business having increased sales activity significantly over recent years. The good news for the independent retail sector is that not only is MotoNovo open for finance, but that it can also provide products and services to help those same dealers to sell more cars as well.

“To be candid, we were somewhat taken aback by the statistics quoted by HPI, because we (and others in our sector) are actively prospecting in all sectors of the market to further build our business. If dealers are looking for a fresh, innovative finance option then we are very open to see how we can help. Finance is a key marketing and profit tool, and now we are taking this to a new level by adding a range of new services, all designed to help the dealer’s bottom line”. Notes CEO Mark Standish.

New services include:

  •     http://www.mycarlocator –a unique online tool designed to ensure all of a dealer’s stock is available to the MotoNovo customer base, complete with on-line finance quotations
  •     MyMotoNovo Discount Shopping – a clever way of helping customers to save on both every day and discretionary shopping from everyday retailers

Standish closes with a call action for any dealer looking for new impetus from finance:

“We are open and ready for business UK wide, just call us on 0844 7704438 or email us at info@motonovofinance.com, we are seeing an increasing number do just that, because we really do have the capacity to help dealers in an innovative way that works for today’s marketplace”.

MotoNovo Finance Background

MotoNovo Finance, which has been operating for over 35 years is part of WesBank, South Africa’s largest financer of cars, itself part of FirstRand Bank Limited.

MotoNovo Finance provides a full portfolio of finance products and services including car stocking facilities, relying exclusively upon motor retailers for its sales.
WesBank’s main objective is to dominate in whichever market it enters and therefore require people who have the potential, skills, and ability to achieve the organisation’s goal. WesBank’s mission statement and shared values gives a good insight to its culture.


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