Posted on 14/12/2011
Record levels of reseller finance are set to continue for Nimans throughout 2012, as dealers continue to capture millions of pounds worth of additional business.
Nimans’ Financial Services team ended 2011 on a high, surpassing £2m worth of business with one funder alone, as demand continues to accelerate month on month.
In a further boost resellers are to receive individual customer finance reports that identify how much equity their clients have built-up within existing agreements which can be used to purchase new equipment, at no additional expense.
Nimans’ Dealer Sales Director, Tom Maxwell, says continued economic pressures and more reseller awareness is driving overall demand.
“2011 was a tremendous year for our dedicated Financial Services team, as leasing in particular proved a very effective way for resellers to unlock new business opportunities. Cash and finance may be in general short supply but through our close working relationships with major finance institutions we are able to provide resellers with a range of flexible finance solutions.”
Tom says Nimans has been working hard to educate dealers about how they can increase cash flow, use leasing to extend their credit facilities and also take advantage of a ‘revolving finance facility’.
He added: “This revolving finance means end users can upgrade their equipment at no extra cost, by using the equity built-up within existing lease agreements. It’s a very compelling and financially attractive way for resellers to capture more sales. Our whole ethos is to help dealers win more business and sell more products.”
New for 2012 are individual reseller reports that help identify how much equity their customers have built-up to re-finance equipment, with no additional capital expenditure.