Services

First Vehicle Finance Franchise

First Vehicle Finance Franchise – Help Your Customers Lease Vehicles

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Min. investment

£14,000.00

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Total investment

£28,000.00

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Funding support

Yes
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Franchise Fees

17500
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Level of expertise

Beginner to Senior

Presenting First Vehicle Finance

First Vehicle Finance provides motor and asset financing to businesses and individual customers and also facilitates vehicle leasing. The company is registered with both the Financial Conduct Authority and the British Vehicle Rental and Leasing Association.

If you’re intrigued by the prospect of setting up your own business under First Vehicle Finance’s umbrella, check out the franchise opportunities described below.

Superior Financing

First Vehicle Finance’s services encompass arranging test drives, sourcing commercial vehicles, calculating accurate financing quotations, handling contracts, delivering vehicles, and so on. The company’s team prides itself on finding the ideal option for its customers.

Partner With the Brand & Get Ahead of the Competition

Services franchises like this are becoming more and more popular – they allow aspiring entrepreneurs to enter competitive markets and quickly establish customer bases. As a First Vehicle Finance franchise partner, you’ll be tasked with providing financing services to businesses and individuals. The majority of your work will be related to vehicles, but you’ll also be able to provide funding for other assets such as business-related equipment.

You’ll be given a semi-exclusive territory containing roughly 12,000 businesses. Other franchisees may already have contracts with clients in your area, but they won’t be allowed to continue marketing their services. This will ensure that you have an ample amount of business opportunities to capitalise upon. You’ll need to build relationships with local vehicle suppliers, and market your services by utilising techniques such as Search Engine Optimisation. You can be home based if you prefer, and you’ll be able to choose what hours you work.

Candidates

These professional services franchise opportunities are perfect for self-disciplined and motivated individuals who want to take control of their careers. Sound like you? Get in touch with First Vehicle Finance. A background in finance or sales will be advantageous, but isn’t essential, as you’ll be comprehensively trained.

A Breakdown of the First Vehicle Finance Franchise Costs

The franchise fee is £17,500. In exchange for this, you’ll get training, three months worth of launch marketing, one-years paid BVRLA membership, custom systems, and much more.

Bear in mind that in addition to this franchise fee, you’ll also need to cover other expenses. These will include office set-up, data protection registration, as well as legal and professional fees related to setting up your business. You’ll also need around £7,000 in working capital. Once all these elements are taken into account, the total investment will be approximately £28,000.

You should also know that instead of a set on-going management fee, First Vehicle Finance will simply take 20% of the commission you receive.

The Brand Has Connections With Several Reputable Moneylenders

To ensure you can take this franchise opportunity, the company is prepared to put you in direct contact with moneylenders it has developed relationships with. But you must remember that the majority of banks will only offer you a portion of the capital you need to invest. The team at First Vehicle Finance estimates that you should be able to get up to half of the necessary £28,000. Furthermore, your request will only be approved subject to status. This means you must have an acceptable income level and credit score.

How Will First Vehicle Finance Support You?

Before you take on the responsibilities associated with running your services franchise, you’ll be trained in every area of the operation. You’ll be taught how to efficiently respond to customer enquiries, perform the administration tasks related to funding, and more. Once you’ve finished your training, you’ll be able to operate as an approved representative compliant with the Financial Conduct Authority’s regulations. The cost of your accommodation while you complete your training will be covered in the initial franchise fee.

When you’re ready to launch, First Vehicle Finance will provide you with all-inclusive marketing support. The team will set you up with a Search Engine Optimisation provider, and send you business stationery including cards, letterheads, and compliment slips. You’ll also be given essential software licenses, and a VOIP telephone system that will allow you to record your calls with customers – as required by the FCA.

Register Your Interest

If you’re contemplating taking this franchise opportunity, you should send an enquiry and request further information. It’s easily done – fill out this form and submit it. It’ll take just seconds.

Enquire Now & Find Out More

Let us know you’re interested in taking a franchise opportunity by filling out the form. You will then be contacted by one of our representatives.

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Does First Vehicle Finance Franchise seem like an interesting options?

if you have any specific questions im mind or would like to dig into a potentional partnership, feel free to reach out to us! We are here to help!
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