The exclusive service for IFAs and mortgage brokers will enable advisers to offer their clients new and pre-registered cars and commercial vehicles with discounts up to 35 per cent off manufacturers list prices. A comprehensive range of vehicle finance packages have also been released to assist the sales of these vehicles.
FMO are offering one lucky introducer a luxury s-class Mercedes for a long weekend in a prize draw available to introducers registering on their web-site before 31st August 2005.
FMO pay brokers £300 commission on the vehicle and an additional £100 if the finance is arranged, but the best part about this service is that all the broker has to do is to is to email or fax the clients name, telephone number, the vehicle model they are interested in and a convenient time to telephone. The client will be contacted by a telesales consultant and the vehicle sale and finance are arranged over the phone. The broker can access case tracking and monitor the procedures from initial contact to delivery via FMOs web site.
Alan Hill FMOs group managing director said: “We have put this service together with a specialist vehicle finance broker, to offer mortgage brokers and IFAs the opportunity to increase their income by giving their clients access to new and nearly new cars and finance in direct competition with the car ‘Supermarkets’. The service could not be simpler to use, all we need is four basic facts, and the call centre staff take ownership and handle everything from sale through to delivery. We can supply Aston Martins to Smart Cars, but we only sell from physical stock which changes daily so there is no six to 10 week waiting, cars can be delivered within 24 hours. We already provide brokers with access to the most comprehensive range of products and services on the market, so First Auto Options is an added income stream at a time when overhead cost for compliance and PII are increasing substantially, and the ability to prospect for new clients has been severely curtailed under FSA regulation. It's FMOs view that IFAs and mortgage brokers need additional products and services to gain new clients and increase profits.”
An example of some of the new vehicles available at the date of the press release are:
Figures: MRRP, FMO Price, Discount
Citroen Xsara Picasso 1.6HDI exclusive
£17,095 £11,454 £5,641 (-33%)
Vauxhall Corsa 1.0 life 3dr
£8,565 £6,375 £2,190 (-26%)
Toyota Avensis 5dr T3x 2.0
£16,937 £12,500 £4,437 (-26%)
Renault Megane Cabriolet 1.6 Dynamique
£17,838 £14,092 £3,746 (-21%)
Jaguar X-Type 2.0D Sport Estate (euro 4)
£21,014 £18,264 £2,750 (-13%)
Mercedes-Benz C Class Saloon C200K Sport 4dr Auto
£26,085 £23,840 £2,264 (-8.7%)
All vehicles are available with contract hire, PCP, hire purchase and outright purchase, and are available to private individuals, self employed and limited companies of any size for fleet arrangements.
