Adding a CarMoney application to the deal in Portal
Once you’ve spoken to a consumer and have collected all the required information, the lenders available will be presented in Portal
If none of your other lenders are available, CarMoney could be available to the consumer at this time
The consumer may not know the name CarMoney or what a broker is, so we’ve added a small description of what a broker is. The aim is to help you describe CarMoney so it's simple for the consumer to understand.
- When adding finance through CarMoney to the deal, Portal will ask you to read a statement about the consumer's data. This is different from when you apply to a main lender due to the difference in how data is processed.
What happens next?
- CarMoney will contact you throughout the process and there will be the opportunity to speak to them.
- When an application does go through with CarMoney, treat it like any other person buying a vehicle on finance. There should be less work for you, not more.
- CarMoney will contact the consumer throughout the process. They will help the consumer understand all the steps and how to complete the transaction.
- If you would like CarMoney to take a less active role throughout the process, you can let them know when a consumer applies
Please Note:
Not every consumer can use CarMoney. They work with a panel of lenders. So there may be times when the consumer falls outside the lending criteria.
If the application is accepted and the consumer finances the car through CarMoney, you'll get a commission