Auto Finance News

CA Auto Finance extends iVendi partnership to reach 2,000 dealers in the UK

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CA Auto Finance has extended its partnership with automotive finance technology provider iVendi, making its vehicle finance solutions available to 2,000 motor dealers across the UK through the Finance Navigator platform.

The expanded agreement will enable dealers to access CA Auto Finance’s range of financing products through iVendi’s digital soft-search tool, designed to simplify the finance quotation process for retailers and customers.

The partnership will also incorporate iVendi Pay, providing funding options for CA Auto Finance’s range of value-added products.

Finance Navigator allows dealers and customers to compare finance options online or in the showroom, returning results in under 10 seconds. The technology is designed to streamline the customer journey by providing rapid access to finance quotations and helping motorists identify suitable funding arrangements.

By integrating CA Auto Finance’s products into the platform, iVendi aims to broaden the lender’s distribution network while giving dealers access to additional finance options.

Davide Mamdouh Nageh, Director of Marketing, Insurance and Captive Business at CA Auto Finance, said:

“During the course of our partnership with iVendi, we have seen excellent results, and Finance Navigator has a superb reputation which made the decision to work more closely together a natural next step.

“Finance Navigator links us to a larger dealer base and improves process efficiency across our network.”

The extended partnership will also support the motorcycle finance market.

Motorcycle dealers will be able to advertise their stock on the Motorcycle News (MCN) Bikes for Sale website, with finance quotations provided by CA Auto Finance.

The development follows iVendi’s partnership with MCN earlier this year, which saw the Bikes for Sale platform relaunched using Finance Navigator technology.

James Walker, SVP Commercial at iVendi, said:

“The automotive industry is built on industry relationships, and we pride ourselves on being able to connect the right dealers to the right lenders, to make finance decisions easier for customers.”

He added: “We’re excited by this extended partnership with CA Auto Finance and we’re confident that our technology, products and motor retailer relationships will help them broaden their dealer reach considerably over the coming months and years.”

The agreement builds on the companies’ existing relationship and forms part of CA Auto Finance’s efforts to expand its presence across the UK automotive retail market through digital distribution channels.