Opteven and Payment Assist work together to offer drivers affordable warranties

Flexible finance provider Payment Assist has expanded its partnership with Opteven to help drivers spread the cost of vehicle warranties and essential aftersales products over manageable monthly instalments.

 

While warranty customers avoid unexpected repair bills and enjoy affordable outgoings, dealers benefit from a simple, trusted solution to increase upselling at the point of sale. Managed through Opteven’s proprietary online portal, the whole process is delivered digitally, with paperwork sent to the customer for electronic signature.

 

Andy Waite, Opteven’s Commercial Director, said: “Tightening household budgets, soaring living costs and shrinking flexible income is putting drivers under increasing financial pressure. As a result, vehicle warranties become all the more important, yet can seem unaffordable in a one-off payment.

 

“Expanding our partnership with Payment Assist will make vehicle warranties more affordable and help drivers to keep their vehicles in excellent condition. Importantly, flexible finance solutions help dealers support their customers. Payment Assist makes it easier to sell warranties and build long-term customer relationships based on service excellence and trust.”

 

Currently administering around 460,000 warranties, Opteven – the power behind multiple warranty programmes – is one of the most prolific and trusted brands in its sector.

 

For more information about Payment Assist and its market-leading range of flexible finance solutions, visit www.payment-assist.co.uk.

 

About Payment Assist

Payment Assist UK Ltd, part of the AIM-listed Manx Financial Group PLC, is a trusted Buy Now Pay Later and Retail Finance provider, serving over 8,000 garages and dealerships across the UK.

 

Regulated by the FCA and part of a diversified financial services group that includes a banking subsidiary, the company offers competitive, revenue-generating solutions to the automotive industry. Learn more at www.payment-assist.co.uk.

 

About Opteven

Established in 1985, Opteven is a leading international provider of vehicle warranty and associated insurance products and services across Europe. It delivers a range of automotive products and services to car dealerships (franchised and independents), insurance companies, vehicle manufacturers, leasing companies, banks and financial services businesses.

 

With 1,300 employees across Europe, Opteven has offices in France, the UK, Italy, Spain and Germany.  In the UK, Opteven is based out of two offices in Thame, Oxfordshire and Birchwood, Warrington and has just under 100 employees. More information is available on uk.opteven.com