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 a must when looking at the competition and more importantly, losing customer who require flexible payments to say “yes” to the exact same vehicle provided by another dealership that is FCA authorised. Not only this, but indirect competition from private sellers that offer lower price points has to be considered as well.  Whilst private sellers may have lower prices, they will not have flexible payment options available. Therefore, as a dealership it is a game changer once FCA authorised. 

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 – by 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.