Marsh FM, the white label service arm of Marsh Finance, has passed 5,000 loan arrangements with manufacturers and dealers.
Marsh’s book now accounts for more than £150m in receivables, having recorded approximately £100m in managed funds in December, with arrears running at 0.4% and average net return at 23% APR after commission.
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Managing director Andrew Marsh, who collected the award for Product / Service Provider of the Year at Frontline Solutions’ 3rd Annual F&I Awards in October, said the company’s appeal lay in its ability to "tailor" service to work for manufacturers, private investors, offshore banks and regional dealerships, all of which are on Marsh’s books.
Marsh explained carmakers and dealers were attracted by the level of control offered by the service, which could reduce commission and margin while presenting their own branded finance to customers.
"Their customers get a better product and dealerships increase sales," said Marsh. "The results speak for themselves".
richard.brown@vrlfinancialnews.com
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