Securing a Better Finance Rate on a Frankia I 740 Plus 4.5T Motorhome
Where it left the business
The client was able to proceed with the purchase of their new Frankia I 740 Plus 4.5T Motorhome with finance arranged at a significantly more competitive rate. Dealership's proposed rate: 9.9% APR Sorbus Finance solution: 7.9% APR Rate improvement: 2.0 percentage points As an existing Sorbus Finance customer, the transaction also reinforced why the client continues to return to us when arranging finance. At Sorbus Finance, our role is not simply to find funding. We look at the wider transaction, assess the available options and work to structure the most suitable and competitive solution we can for each client.
Supporting facts
The ambition
As a returning Sorbus Finance customer, our client already understood the value of having an independent finance broker working on their behalf. When they recently approached us to fund their new Frankia I 740 Plus 4.5T Motorhome, the dealership had already presented a finance option through its chosen funder. However, the available rate was 9.9% APR. For a high-value motorhome purchase, even a relatively small difference in APR can have a significant impact on the overall cost of finance. Our challenge was simple: could we use our lender network and market knowledge to secure a more competitive funding solution without compromising on the structure of the deal?
How the finance was structured
Rather than simply accepting the dealership's proposed finance package, Sorbus Finance reviewed the client's circumstances, the vehicle being purchased and the wider funding options available. Using our panel of specialist lenders, we structured and sourced an alternative finance solution tailored to the transaction. The result was an approved facility at 7.9% APR, 2 percentage points lower than the 9.9% APR initially offered through the dealership's chosen funder. This is exactly where working with an independent finance broker can add value. Dealership finance can be convenient, but it does not necessarily mean it represents the most competitive option available for every customer.
What it made possible
The client was able to proceed with the purchase of their new Frankia I 740 Plus 4.5T Motorhome with finance arranged at a significantly more competitive rate. Dealership's proposed rate: 9.9% APR Sorbus Finance solution: 7.9% APR Rate improvement: 2.0 percentage points As an existing Sorbus Finance customer, the transaction also reinforced why the client continues to return to us when arranging finance. At Sorbus Finance, our role is not simply to find funding. We look at the wider transaction, assess the available options and work to structure the most suitable and competitive solution we can for each client.
Client details are anonymised. Figures are the facility terms published for this case; lenders make their own credit decisions and every case is assessed individually.
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