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|Alphera Launches Annual Payment Product For Premium Captive|
|Monday, 19 September 2016|
ALPHERA Financial Services has launched a first-of-its-kind annual payment product for its premium captive partners, after a successful trial held at the end of last year. The product is an alternative to traditional finance solutions, responding to the demand of customers for more flexible and tailored finance options.
Designed to suit a customer who would traditionally pay for their new vehicle in cash, the annual payment product has been developed to support individuals who take advantage of bonus or dividend pay-outs to fund their vehicles. Instead of tying up cash flow on a monthly basis, Alphera’s annual payment approach allows customers to trade up into their desired vehicle with greater flexibility and in line with their wider financial management.
Alphera’s head of premium captives, Nick May, said: “We are seeing strong growth in the premium captive finance market area and the roll-out of innovative products like Alphera’s annual payment solution are key to continuing that growth. With a number of new model launches on the horizon, it makes sense to offer customers a product which allows them the freedom and flexibility to purchase a new vehicle or upgrade their current vehicle in way which best reflects their annual income schedule.”
ALPHERA Financial Services’ annual payment product is initially being made available through Rolls Royce Motor Cars Financial Services and Aston Martin Financial Services.
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