FINANCE EQUIPMENT FOR YOUR BODY SHOP NOW
At the recent CRA conference at Automechanika Johannesburg, Fender Bender Finance, the automotive division of Matlafin, announced that body shops could now finance equipment through a new initiative.
“We understand that body shops are somewhat cash strapped. Matlafin are able to offer a “rent-to-own” facility called Innosight, to finance equipment, which in turn would help your business remain more liquid,” says Andre Fourie, CEO of Matlafin. “It makes good sense as well from a tax point of view as you are able to claim on the monthly instalments and you can use the equipment in your shop immediately to increase your turnover.”
Fender Bender Finance are also able to offer financing for uninsured drivers, as well as those clients who can’t afford their excess. As the uninsured driver percentage is estimated at approximately 80%, this is a very large part of the repair pie that body shops are beginning to take note of. The individuals will need a payslip and required supporting documents. An easy online application process can be followed to offer finance to your customers.
There are also other partners involved in the programme that are easy options to plug into an existing motor body repair shop. There are Ceramic Pro’s nano-coatings packages to add onto a repair or even offer just as a stand-alone alternative to customers who may not need a repair but want to keep their vehicles looking in showroom condition. Remtec are able to help with any engine reconditioning and remanufacturing requirements you may have, which is a great option available to clients.
These choices, and others that will be introduced shortly in the glass arena, are there to help body shops add value and offer possibilities to grow their business. There are already 26 body shops involved nationwide and growing well.
For more information visit www.fenderbenderfinance.co.za.