Specialist Asset Finance

01/08/2024

Stocking Finance Rates Coming Down

The Bank of England have just voted to reduce the interest rate from 5.25% to 5.00%. This is the first cut since rates started increasing in December 2021.

To benefit from the falling Stocking Finance rates please contact SAF on [email protected] or 01483 917077.

We set Bank Rate to influence other interest rates. We use our influence to keep inflation low and stable.

15/07/2024

Are you getting fed up of having to look for new Stocking Finance providers?

There has been turmoil in the Stocking Finance market over the last 12 months with numerous funders pulling out.

SAF have a number of competitive lenders, both long standing and new and are always looking to improve options for our customers.

If you have been affected recently by your funder leaving the market or would like to explore other options get in touch with us.

Email: [email protected]
Phone: 01483 917077

The SAF Team

P.S. - We can provide regulated and non regulated HP with balloons to car buyers through our group company SAF Consumer Finance Limited.

16/05/2024

Been let down by your Stock Finance provider?

With the withdrawal of several Stock Finance providers from the market in recent months, many dealers are now needing new funding lines to preserve their working capital.

SAF are specialist Stock Finance brokers who, through our New Funding Partners, are continuing to grow from strength to strength and are here for the long term.

SAF offers some of the most competitive Stock Finance products in the market and can also provide*:

• 100% CAP clean funding
• £10 bonnet fees
• A source of end of lease vehicles already funded on your plan
• No retail paper commitments
• VAT funding on qualifying vehicles
• Freedom to buy from anywhere

Let us take the hassle out of finding new funding lines and obtain facilities that suit your business requirements.

Contact us now to hear more at [email protected] or 01483 917077.

The SAF TEAM

P.S. DON'T FORGET - We can provide regulated and non regulated HP with balloons to buyers through our group company SAF Consumer Finance Limited.

*subject to credit

10/05/2024

Are stock finance rates stabilising?

The Monetary Policy Committee have voted to leave the base rate at 5.25% which was set last August.

https://www.bankofengland.co.uk/monetary-policy/the-interest-rate-bank-rate

Also, did you know that our group company SAF Consumer Finance Ltd can provide retail finance for your car!

Get in touch on [email protected] or 01483 917077 if you would like to learn more.

15/03/2024

As we navigate through 2024, the used car market is showing promising signs of strength, potentially marking its strongest performance since the onset of the pandemic.

According to recent insights from Car Dealer Magazine, various forces are shaping this resurgence, pointing towards a dynamic landscape ahead.

Car Dealer Magazine highlight key shifts in consumer behaviour and market dynamics, indicating a positive outlook for used car sales.

With changing preferences and evolving economic conditions, now is an opportune moment for us to capitalize on this momentum.

Additionally, staying attuned to the latest trends in popular second-hand cars is essential for maintaining a competitive edge.

According to data from Autotrader in Feb the Top 5 Fastest selling used cars (less than 15 days💥) were the Kia Exceed, Tesla Model 3, Mercedes EQC, Mercedes CLA, and Ford Puma. Only the Kia is exclusively Petrol fuelled🤯.

In light of these developments, it's crucial for us to consider the growing significance of electric vehicles (EVs) in the used car market.

As the automotive industry transitions towards sustainability and eco-conscious solutions, EVs are rapidly gaining traction among consumers. Therefore, I pose the question to you all: What are your plans for transitioning to selling second-hand electric vehicles?

Let's seize the moment and drive towards a successful future together.

Best regards,

The SAF Team

If the current rate of used car sales continues, 2024 could be the best year for the second hand car market since before the pandemic. That’s according to

07/03/2024

Bonnet fees are a crucial aspect of stocking finance that can significantly impact your dealership's profitability.

These fees can vary widely, ranging from £10 to £95 across different providers, with many paying around £45.

However, the real question is: Are your bonnet fees in alignment with your stock turnover?

Let's consider two hypothetical dealerships being charged £10 and £45 respectively for bonnet fees..

Dealership 1 sells 10 cars per month and is charged £100 or £450 per month

Dealership 2 sells 60 cars per month and is charged £600 or £2700 per month.

The key takeaway here is that the busier your dealership,
the more critical it becomes to ensure your bonnet fees are lower.

For instance, Dealership 2, selling 60 cars per month, could potentially be £25,200 better off over 12 months, simply by opting for a stocking plan with cheaper bonnet fees.

At SAF, we understand the importance of minimising costs and maximising profits for our clients.

That's why when we consult with dealers in the market, we consider all associated costs of stocking finance not just the headline interest rate

Our goal is to ensure that you get the best pricing possible, tailored to your specific needs and business.

Don't let high bonnet fees eat into your dealership's profits.

Contact us today to learn how we can help you optimize your stocking finance strategy and drive greater profitability.

Email: [email protected]
Phone: 01483 917077

27/02/2024

Remember the days when business transactions involved waiting 5 agonising days for cheques to clear?

Banks were getting rich off the interest from our hard-earned money with delays, they imposed themselves.

Those frustrating delays are reminiscent of what some stock funding lenders are doing today.

Picture this: You buy a £10,000 car, but it takes two days for the funds to hit your account.

Then, when you sell the car 40 days later, you wait three more days for payment.

Now, let's talk numbers.

The interest on a £10,000 car over 40 days is typically around £150*.

For 5 of those days, you might be paying interest on money you don't actually have.

5 out of 40 days amounts to 12.5% of the time you’re being charged for money that you don’t have access to...

That equates to £18.75 per car in excess charges

Selling 30 cars a month means paying £6,750 extra interest annually — For money you haven't even borrowed!

At SAF, we're here to help you understand what your stocking finance really costs.

Let’s break down your current deal and show you exactly what you're paying for.

Send us a message, and we'll guide you through it.

The SAF Team

16/02/2024

This makes a lot of sense if you have the money of course.

A beautiful car should be something that's enjoyed regularly rather than under a dust sheet in then garage.

09/02/2024

What's Stocking Finance really costing you?

There are several components that combine to create the overall cost of Stocking Finance:

• On plan Bonnet fees
• Off plan Bonnet fees
• Audit Fees
• Capital Repayment fees
• Annual fees
• Interest Rate

These seemingly innocuous fees can add up, chipping away at your hard-earned profits.
Let's take bonnet fees as an example.
In the market we see bonnet fees range from £10 to £50.
Take the example of a busy dealer.

Selling 40 cars per month, at £45 bonnet fees you could be paying £21,600 a year!

For what amounts to an admin fee.
Ouch... But fear not!
We're here to help.

Of course we are
If you think you might be paying more than you need to let us know as we may be able to add extra money to your bottom line.

How would you use the £21,600 savings from your bonnet fees?

The SAF Team

08/02/2024

The SMMT have released figures for 2023 that show the used car market grew by more than 5.1% with a total of 7,242,692 transactions taking place.

Across the year, sales of used battery electric cars almost doubled, rising 90.9% to a record 118,973 units.

More information in the article below:

UK used car transactions grow 5.1% in 2023, with 7,242,692 changing hands as improving new car market re-energises supply. Superminis and black paint most popular used car style choices, taking 32.1% and 21.4% of the market respectively. Battery electric car…

01/02/2024

The Bank of England has kept the interest rates unchanged today.

What do you think will happen at the next review in March?

25/01/2024

Are you looking to increase the stock on your forecourt?

Our Stocking Finance Products are the perfect solution to help get the job done. With our easy-to-use funding options, you can rest easy knowing that you have the support you need to keep your forecourts stocked for every sales opportunity.

Get in touch with our Stocking Finance team below:

Email: [email protected]
Phone: 01483 917077