06/06/2018

Platinum Group Standard Used Finance Rate

Dear All,

With immediate effect Platinum Motor Group will be implementing an 11.9% Apr standard rate, for used vehicle finance across the group.

We will no longer be quoting/offering a flat rate of 5.25%.

Now that there is more clarity regarding treating customers fairly, Platinum have made a decision to move away from quoting customers a flat rate and moving forward with Apr's, which are more prominent in the market place.

We believe that this is a positive move for both Platinum and our customers.

All finance systems have been up-dated with the new rates package.

Please ensure when you are quoting customers the rate is 11.9% Apr, some systems will require you to alter the rate accordingly.  Customer's will no longer be charged documentation fees.

If you require any further information regarding quoting on your franchise finance system and the plan you should choose, please contact PFS.

Regards,

THE BOARD OF DIRECTORS