Oracle Finance, the UK’s premier funding provider for prestige cars has seen a significant rise in sales for its new, tailor-made Range Rover package.
The package from the Knaresborough-based firm is specifically designed to cater for the luxury SUV, and is aimed at those who want to take advantage of the current exceptional low interest rates.
It allows customers to purchase their new car as a cash buyer, rather than being tied into a plan from the dealership which can be more expensive than is necessary,
Peter Brook, Oracle Finance managing director, said:
“In the short space of time since it was launched, we have seen a notable growth in sales of this product.
“A car is a significant purchase for anybody; and in the sports and prestige market perhaps even more so. By taking out an independent finance package you can avoid paying over the odds at the dealership and essentially make the purchase as a cash buyer, which could in turn even lower the price of the car.
“This particular package is proving extremely popular and while we are still recovering from the recession, anything that helps to save people money and stimulate the British economy is very welcome.
Mr Brook added:
“The automotive industry has always been an indicator of economic prosperity – with sales picking up and the potential cost to the consumer coming down, this may be an early sign of better things around the corner.
“In March we were named the Alphera Broker of the Year and with recovery on the horizon, we are aiming to expand the business considerably over the next three years, both in terms of deals underwritten and staff we employ.
“You can expect to see a lot of people buying new cars in the coming years, many had held off doing so due to the downturn – but now things are improving and their cars are another year or two worse for wear.
“If we can encourage sales of cars by providing a low-cost alternative to dealership finance plans, then everybody benefits”