Dealers

Near-Prime Specialists

We are one of the first choice non-prime finance providers; we want to be on your panel of lenders, right behind your prime lenders.
We provide non-prime lending facilities at prime service delivery levels. We do not offer standard terms to car dealer networks, instead we listen to your requirements and deliver a bespoke solution to meet both your needs and ours.

Our business relationships, reputation and service levels are very important to us.

We work directly with franchised dealer groups; we also deal directly with larger independent dealers subject to status.

Reasons to use LM Operations

  • Seamless transition from near prime to sub-prime consumers
  • Average decision time less than 10 minutes
  • Front and back office processes, systems and staff provide a tailored solution for your dealership.
  • Fully compliant customer documentation and business procedures.
  • Online account access for full monitoring and control.

We build our reputation on assessing your business needs and customising our Hire Purchase, Personal Contract Purchase (PCP) and Premium Credit products and services to you.

We provide a range of PCP products for Car Dealerships and Car Supermarkets. PCP finance is available from us:

  • As a LM Operations risk PCP product.
  • On a Shared Risk basis between Dealerships & LM Operations.
  • At your Own Risk, using your funds to finance customer PCP agreements managed by LM Operations.
  • LM Operations Hire Purchase Products
  • LM Operations Dealer Direct provides a range of Hire Purchase finance for Car Dealerships and Car Supermarkets.

We provide a range of Hire Purchase finance for Car Dealerships and Car Supermarkets. Hire Purchase finance is available from LM Operations:

  • As a LM Operations risk HP product.
  • On a Shared Risk basis between Dealerships & LM Operations.
  • At your Own Risk, using your funds to finance customer HP agreements managed by LM Operations.

Premium Credit

Premium Credit is a great way for Dealerships to:

  • Sell additional products
  • Offer your own finance products
  • Increase profitability
  • Create a monthly revenue stream.

Premium Credit is also an easy way for Franchised Car Dealerships to test an own risk finance solution.

Premium Credit provides Dealerships with a means of selling ‘extras’ separately and without affecting the finance of the main purchase of a car.  Typical situations where Premium Credit may be discussed include when selling Paint Protection, Warranty or Gap Insurance. Premium Credit loans are stand-alone agreements not guaranteed on other items.  Premium Credit customer repayments can be set-up on a weekly basis.

Average Decision Time – Less than 10 minutes!
  • Premium Credit helps you to generate additional sales
  • Premium Credit agreements can be provided in less than 1 minute

How Premium Credit works

Dealerships fund the cost of the product the customer is buying E.g. paint protection.  Customers pay a monthly fee for the product plus interest for a fixed term normally between 6 – 36 months.  Dealerships receive the monthly payments less a management fee.  The initial outlay for the cost of the products is generally returned within the first 0 – 6 months.

Premium Credit is another way for Dealerships to sell additional products, offer their own finance products and create a monthly revenue stream. Premium Credit is also an easy way for Franchised Car Dealerships to test an own risk finance solution.

Shared & Own Risk

Write your own motor finance agreements on a Shared Risk & Own Risk basis

LM Operations provides managed finance solutions for the automotive industry. We leverage our knowledge, experience and unique IT solutions to support any car franchise group that wants to write motor finance agreements in the UK whether on a shared risk or own risk basis.

Benefits of Shared & Own Risk solutions

  • Increased control of your sales process
  • Underwriting to suit your type of customers
  • Helps you sell more cars & more car finance
  • Maximises profitability
  • Cuts out the perceived middle-man in the finance agreement
  • Enhances your credibility & offer to your customer

Helping you achieve the benefits & returns of having your own finance company without the hassle.

We work with Dealership Groups to understand your requirements and have the flexibility to offer finance solutions on a shared risk basis with LM Operations or to manage your own risk portfolio.  Shared risk and own risk solutions are completely bespoke. We can underwrite to an agreed mandate, manage pay-outs to agreed procedures and standards and collect out the receivables book. The service is available as a complete white-label solution.

Our Dealer Direct Shared & Own Risk Solutions:

  • Zero start-up cost – all your money can be used for loans!
  • Industry leading systems – free of charge
  • Full compliance with all legal requirements
  • Fully transparent service
  • Competitive management fee
  • Easy to set-up