We understand the Automotive sector intimately. We know the intricacies of your business model, which gives us a natural interest in helping you fully service your customer base. Becoming FCA approved provides a competitive edge. It is essential for keeping pace with the market and, more importantly, for preventing the loss of customers who require flexible payment options. Without it, buyers will simply say ‘yes’ to the exact same vehicle at an FCA authorised competitor. Beyond direct rivals, dealerships must also consider the indirect competition from private sellers operating at lower price points.  Private sellers might offer lower cash prices, but they simply cannot officer finance options to buy with flexible monthly payments. Becoming FCA authorised is a game changer that instantly eliminates their pricing edge.

If you are currently processing finance deals through a third party due not not having your own licence, not only are you operating out of scope but you are operating in the dark. How much assurance is there when you are receiving a “no” without knowing why and how many deals are slipping through the cracks due to third party processing. With becoming FCA approved, you own the journey from start to finish, ensuring faster turnarounds, higher conversion rates and total transparency.

Becoming FCA authorised does open many doors, particularly to a wider range of competitive funding partners because of the approved status demonstrating robust internal controls. Lenders often view this as lower risk which can translate to more favourable terms. In the Automotive sector this is crucial for growth. At Apex Compliance Advisory, we are committed to helping you scale and are your dedicated advisors in securing the necessary approvals to launch and grow your business.