Tag Archives: iVendi

Oodle Car Finance is adopting iVendi’s new point-of-sale system to power its growth in 2025. to help power growth during 2025. The system will enable it to offer a range of finance products to a wider number of dealers for online and showroom sales. James Tew, CEO at iVendi, added: “Oodle has a reputation as an innovative motor finance provider ...

iVendi and Close Brothers Motor Finance have formed a new partnership to make it easier for dealers to offer consumers motor finance, and enhance their operational processes and buyer experience while meeting Consumer Duty demands. iVendi’s Connected Retailing platform will deliver key motor finance tools, including a “plug-in” end to end, online motor finance solution for dealer websites and a ...

Chancellor Rachel Reeves’ Mansion House address revealed a process that sees the Financial Ombudsman Service (FOS) and Financial Conduct Authority (FCA) ask for input from consumers and businesses to improve their effectiveness. iVendi noted that acknowledgement of the problem is ‘welcome’ but faster action is required to solve immediate issues caused by the recent court of appeal decision on commission ...

Rochdale-based lender Marsh Finance has signed a deal to adopt iVendi’s new point-of-sale system. Marsh Finance can now share its proposition with dealers across iVendi’s user base. The system will allow for fast and compliant quotation generation and easy application completion for online and showroom car buyers. Andrew Marsh, CEO of Marsh Finance, said, ” The technology we are implementing ...

iVendi has partnered with Tandem Motor Finance, part of Tandem Bank, to help offer its products to potentially thousands more car dealers. Tandem will use a new point of sale platform that enables widespread distribution of motor finance to vehicle retailers, easy handling of quotations and applications for both online and showroom vehicle buyers, and a high degree of compliance. ...

Dealers can see online consumer interactions with vehicles for sale in real time thanks to a new tool being introduced by iVendi. Called Real Time Analytics, it gives motor retailers the ability to see how many times a car, van and motorcycle has been viewed, alongside the number of finance quotes, checks and applications generated, as well the days in ...

Motor finance companies need to find new ways of adding value and informing customer choice, says iVendi. Aside from offering the cheapest finance deal, motor finance companies need to find another way to differentiate themselves. James Tew, CEO, said: “The motor finance market perhaps needs to become a little more like the insurance sector where any number of price comparison ...

New technology is needed to help dealers deliver positive outcomes in relation to Consumer Duty, says iVendi. Most of the major providers in the motor finance market are switching to a risk-based pricing model. Current systems do not always allow dealers of consumers to see the actual interest rate they would pay until an application is submitted. James Tew, CEO ...

Despite Cazoo’s recent collapse, the latest iVendi whitepaper suggests the future of the used car market is online. Research by iVendi found that amongst those aged 30 and under, only 21% plan to buy their next car at a dealership compared to 31-44 year-olds (23%) and those 45 and over (35%). The click and collect method was the most popular ...

In iVendi’s new white paper, 1,000 car buyers were asked about online car buying in two different ways and both sets of results showed potential for a strong future swing towards digital purchasing. 59% would consider buying entirely online, 74% expect to use some sort of digital process to buy their next car, 45% are either buying online and collecting ...