Putting the customer back in the driver’s seat
By Alastair DouglasOct 14th 2020
TotallyMoney is at an exciting and pivotal stage right now: 2020 saw the launch of our brand-new energy-switching service, we recently released the unique Credit Assistant, and now we’ve just revamped our car finance platform.
This new offering is a fundamental stepping stone on our mission to improve the UK’s credit score, and to help our customers move on up to a better financial future. Currently, many car dealerships sell car finance products based on the commission they get, which results in many customers being sold a product that isn’t right for them — or even one they can’t truly afford. With a car being an absolute necessity for many customers, it’s clear that this can’t continue.
Hitting the brakes on car dealerships
With our new innovative car finance platform, we work with market-leading lenders to show customers a large and varied range of car finance options from across the market and, unlike dealerships, we never factor in the commission we receive.
What’s more, we’re using a customer’s own creditworthiness to show them their eligibility for these products upfront, helping to protect their credit rating. We’ve also worked hard with lenders to secure pre-approval on car finance products, giving customers the guarantee they’ll be accepted for the product they apply for, as well as the transparency of knowing the rate they’ll pay.
Thanks to our new service, customers can go to the dealership with confidence to buy their car knowing exactly what they can afford, after they’ve found the product that best suits them with TotallyMoney. We’re putting our customers back in control, such that they can make better financial decisions and continue to move on up to a better financial future.