Blue Motor Finance is a dynamic Fintech firm based in the United Kingdom. It claims of “changing the way auto finance and ownership works.” The company has successfully disrupted an established industry offering both dealers and customers better service by replacing their legacy systems with a smarter and more efficient platform
Blue Motor Finance Limited is one of the premier consumer motor finance firms in the United Kingdom. It offers loans for the purchase of vehicles. The company was established by Bob Jones, its founder and Chief Executive Officer, in 2005. It is based in Sundridge, United Kingdom.
In Blue Motor Finance, they use technology to minimise friction. The company has created a risk-based consumer lending platform that enables its customers to purchase vehicles from the best dealers in the United Kingdom with an instant point of sale finance solution that works online, and over the phone.
They also claim of combining extensive industry experience with new and innovative approaches to deliver best-in-class customer experience.
In a short period of time, Blue Motor Finance has already been considered as one of the leading Fintech firms in the United Kingdom. Its remarkable growth has led it to be voted the 21st in the fastest growing companies (April 2018) of the FT1000.
Blue Motor Finance continues to go from strength to strength, with rapid growth and impressive appointments made across the business.
It promises to provide best-in-class service with a relentless focus on risk management, the highest standards of regulatory compliance and technological innovation. Blue Motor Finance is also one of the most advanced and flexible direct lenders in the market as it offers competitive finance packages, reduced administration time, and quick decisions that are coupled with their innovative customer proposition.
How To Register
Once you register an account with Blue Motor Finance, you will be able to check the status of your account, see your next payment, and view your transactions. You will also be able to update your contact information.
There are only two steps in their registration process:
- Enter your email address (this will be your username) and choose a password
- To finish your agreement, they would require you to provide your name, date of birth, and postal code.
Once you have completed the basic registration, you will be able to have access to their portal. To view your transactions and personal information, you will be asked to confirm your email address, and your personal information.
How To Pay
Currently, you can only make a payment online if your account is in arears. If this is the case, they will notify you regarding your payment when you log in to the portal.
Why Choose Blue Motor Finance?
Blue Motor Finance is not only a direct lender, it also offers dealers a true one-stop-shop. It gives flexibility to offer competitive finance packages to its approved customers. Blue Motor Finance offers dealers with best-in-class services with a focus on risk management, the highest standards of regulatory compliance, and the latest technological innovation.
Blue Motor Finance is aware of the challenges the dealers face. It also known that they need a fast and seamless end-to-end service. As a direct lender, Blue Motor Finance will be able to help unlock sales that might previously have been out of reach because there were no finance options available, or if it took too long to get a sign of risk appetite from potential lenders.
The entire system infrastructure of the company is based on both speed and flexibility as it is aware that this is at the forefront of their award-winning financial technology. With one integrated and seamless system from dealer sign-up to account management; it is efficient, low cost, simple to use, and capable of significant scaling.
Advanced technology allows Blue Motor Finance to operate across the whole credit market and have a series of integrated scorecards and risk policies that allow the maximum amount of business to be written.
The said approach means that the proposed deals will fall through the tiers until accepted (or rejected outright). The processes of Blue Motor Finance allow us to perform a credit search that will only be recorded on the credit file of the customer once the deal has paid out.
Frequently Asked Questions
- How can I confirm my email address?
Answer: After the completion of the registration process, they will send you a confirmation email to the address you registered with. Simply click the link provided in the said message and your email address will be fully validated.
- What is an advanced identity check?
Answer: Blue Motor Finance allows you to update any personal information needed to carry out some additional identity checks to make sure it’s really you. To do this, they will need to make a pre-authorisation charge against a credit or debit card that is registered to the same address as that written on your agreement.
For most cards, the check would appear as a £0.00 pending transaction (£0.01 for AMEX). They will immediately cancel this as soon as they have completed the checks – which are usually done in a few seconds. Please note that money will not be taken from your account as part of this identity check.
- Can I make a one off or partial payments?
Answer: With their current settings, you can only make a payment online if your account is already in arrears. If this is the case, they will notify you regarding your payment when you log in to their portal. You can call 020 3005 9330 to ask about your options for other payments.
- Can I remove a saved payment card?
Answer: Yes, If you have previously made a payment and saved your card information, then you can remove that card from their system.
Social Media Accounts
To check out its latest updates, you can go to their official social media pages: