Aston Barclay signs new contract with 247 Money
Posted 23 June 2022
Aston Barclay is proud to announce a new partnership with 247 Money, one of the UK’s fastest-growing non-bank lenders specialising in used vehicle Hire Purchase contracts.
With more than 35,000 customers nationwide, 247 Money has signed a new agreement with Aston Barclay, the UK’s leading used vehicle remarketing specialist, to enable the effective remarketing of its used vehicles.
Aston Barclay was selected by 247 Money due to its consistently high conversion rates, its wide network of auction sites across the UK, and its strong buyer base at its physically attended sales, which will all help to power quick conversions and a strong performance against CAP for the lender.
Martin Potter – Aston Barclay’s Chief Customer Officer said: “This new contract with 247 Money will facilitate the rapid sale of the quality used vehicles which have come out of contract. The wide range of vehicles on offer will be of particular interest to our buyers, and the number of physical sales held by Aston Barclay across the country will allow for easy disposals for the lender.”
Chris O’Connor, Operations Director of 247 Money said: “Having access to physically attended sales and a national network of auction centres with multiple sales happening each week will help our stock to find buyers quickly. These quick conversations and strong performance will support 247 Money in its growth journey, with Aston Barclay by our side as our remarketing partner.”
247 Money will initially sell between 500 – 1,000 vehicles through Aston Barclay’s sale lanes nationwide and with a strong business growth of up to 350 new vehicle finance deals agreed each week by the lender, the number of used vehicles to be sold is expected to rise in the future.
Potter added: “The strong buyer base which Aston Barclay enjoys across our wide network of physical remarketing sales is a key factor in our rapid conversions and the consistently good performance against CAP. We are looking forward to working with 247 Money and contributing to the ongoing growth of the business.”