Mann Island Finance Ltd “Dealer Dedicated – The Funder With Difference”

Mann Island Finance Working In Partnership With You

Est. 1991

Mann Island Finance Ltd “Maximise Your Sales Opportunities”

Why Use Mann Island Finance

No single funder can meet all your customers diverse financial needs – Mann Island can!

Mann Island are the largest UK dealer dedicated broker.

Mann Island will compliment your existing F&I operations – it will not reduce the business you currently place with your preferred funders.

Mann Island will help you sell more vehicles – particularly from niche areas of your business.

Mann Island will give your dealership access to 20 funders – if we don’t have the facility – nobody does.

Your sales team will be better equipped to satisfy the increasingly varied demands of your customers.

“A Broad portfolio of funding facilities is an absolute must in 2011”

Mann Island Finance Ltd “Making The Most of Every Sales Opportunity”

Who Are We?

Established 1991 full UK coverage.

Employ circa 150 staff including 60 Local Dealer Development Managers providing national sales coverage.

Head office in Liverpool – Regional offices in Edinburgh, Stirling, Stevenage and Swansea.

Fund 13500 vehicles per annum.

Finance – approx £170m of vehicles balances pa.

We are acknowledged as the largest retail finance broker in the UK.

Dealer dedicated.

Mann Island Finance Ltd “Creative Vehicle Finance Solutions”

What We Do?

We are experts in all forms of showroom finance.

We can give you access to 20 funders.

Our “one stop shop” provides you with optimum dealing flexibility.

We place your business with the funder most likely to accept it.

In short, our facilities help you sell more cars.

Mann Island Finance aims to compliment your current range of funding facilities – Not to replace them –We add value to your F&I activities – We help you sell more vehicles.

Mann Island Finance Ltd “One Stop Shop For Dealer Finance”

Processes:-

MIF pre underwrite and place business with companies best suited to accepting it.

We use our own score card and full search profile systems to facilitate better placement of proposals.

Decisions are provided promptly – online proposal system.

All deals paid out by MIF and by TT.

National field team to service your dealerships.

Mann Island Finance Ltd “Exploiting The Niches”

All customers aren’t the same!

A typical dealer must satisfy the buying needs of several diverse customer groups!

Anyone can offer conventional Hire Purchase! Can your current funder offer the following:-

Fund up to 200% of CAP to mop up negative equity.Provide loans up to £25k to accommodate negative equity. 60 month leasing on new & used cars & vans with residual values.60 month PCP on new & used cars.60 month contract hire.Hire Purchase with no document fees.Access to 20 funders.

Mann Island offers all the above and more!!

Mann Island Finance Ltd “More Products Gives You Dealing Room”

Proposal Process:

Proposal received at Head Office.

Underwriters will assess and select the most suitable funder.

Proposal sent to first choice finance house.

If declined proposal sent to second choice finance house.

If accepted fax sent to dealer, text to field, updated on proposal system.

Documents e mailed to dealer.

Dealer faxes / e mails documents, proofs and invoice.

We process and advise of any errors or confirm payout.

DEALING WITH NEGATIVE EQUITY“Negative equity is the single biggest hindrance to selling a replacement vehicle in today’s market”

Sunday Telegraph November 2010Are Your Customers Upside Down?Are Your Customers Upside Down?

•Unsecured personal loans

•Underwriting on capacity to pay – Max 200% CAP

•No Deposit required

•Maximum advance £25,000 on a consolidated loan

•Maximum £3000 loan if funded separately from the HP case

•No VAT payable on negative equity amount, (Split invoices)

•60 months repayments

•Competitive rates and commission

•An essential addition to your finance facilities