To: Brand Directors, Brand Managers, Sales Managers

From: The Board of Directors

Date: 27/09/2018

9.9% Apr Used Finance Trial (Effective from 1st October 2018)

Dear All,

During the year we have sent several communications about "Meeting The 2018 Challenge".

Part of the challenge is to show continued improvement with used finance penetrations.

With this in mind from 1st October 2018 to 31st December 2018, Platinum Motor Group will be trialling a reduced finance rate for used vehicle finance, across the group.

For the last quarter of the year Platinum will be offering customers a finance rate of 9.9% Apr, this will replace our current rate of 11.9% Apr.

The new rate will offer a great opportunity to increase used finance penetrations across the group, as we enter the final quarter of the year.

Please ensure that you only start using the 9.9% Apr rate from the 1st October 2018.  No used proposals will be authorised on a 9.9% Apr rate, prior to this date.

Some finance systems will require the sales executives to alter the rate manually, at quote/proposal stage.

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

This lower rate is on a trial basis, so please embrace this opportunity to increase your finance cases.

The more we increase used finance penetration across the group, the more opportunities there will be to offer competitive rates in the future.

Please ensure all your team members are aware of this change.

Regards

THE BOARD OF DIRECTORS