LONDON--(BUSINESS WIRE)--Car owners all over the UK can now benefit from after-sales finance thanks to a new partnership between Divido and BMW.
Following a successful 15-week pilot programme, BMW and Divido have agreed to roll out after-sales financing to over 60 retailers in the UK.
By partnering with BMW, one of the world’s leading car brands, Divido is changing the way customers can pay for their after-sales bill by enabling them to spread the cost up to 12 months, interest free.
You can find out more and watch the BMW case study here.
How does it work?
Divido’s technology provides a simple, transparent and secure way for customers to pay for after-sales repairs or services, in minutes, completely paperless. The BMW retailer gets paid in full, right away – it’s a win-win for everyone.
What does this mean for BMW retailers?
Thanks to Divido, BMW retailers can now benefit from reduced friction when it comes to customers paying their bill in-store, online or via their mobile. In addition, this helps drive customer satisfaction and retention.
The partnership is a significant development for customers too, who now have the flexibility to pay for their after-sales bill conveniently, at a time suitable to them, by spreading payments into monthly installments for up to 12 months.
Co-Founder and CEO of Divido, Christer Holloman said about the partnership:
“‘It was clear to me that manufacturers, large dealership groups and finance companies have better things to worry about than how to build and support a tool which lets end-consumers pay for anything in monthly instalments – so we did that for them. The modern consumer will touch multiple sales channels before, during and after getting a quote for a product or service. We want to help our dealers convert that customer wherever, whenever they want to pay with finance; in store, online or over the phone.”
Wayne Berry, MD of Berry BMW, a dealership already using Divido added: “We need to be innovative in aftersales to make sure we have programmes that meet our customers’ needs, because our competition won’t stay still. We believe our opportunity to upsell with Divido will be much greater. This is a really good solution for the customer and a really good opportunity for us.”
Divido is an innovative, fast growing technology company that’s disrupting the payments sector by offering retailers an instant point of sale finance option that works in-store, online and over the phone.
Uniquely, Divido is connected to multiple lenders ensuring retailers and consumers get the highest possible approval levels, lowest possible fees and the broadest range of finance options.
Backed by the investors behind Skype, WorldPay and TransferWise, the company launched late 2015 and currently has 350+ partners using its platform. The company was recently recognised as a “European Innovator of the Year'” by the European Commission, one of the UK's 100 hottest start-ups and awarded by the UK innovation agency. The company will soon operate in 9 countries.