More Details
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
Service 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.
Furthermore, instead of a set ongoing management fee, First Vehicle Finance will simply take 20% of the commission you receive.
The Brand Has Connections With Several Reputable Money Lenders
To ensure you can take this franchise opportunity, the company is prepared to put you in direct contact with money lenders 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 licences, 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 pursuing this franchise opportunity, send an enquiry and request further information. It’s easily done – fill out this form and submit it. It will take just seconds.
