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just when you had thought you had seen it all

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Post Mon Nov 26, 2018 6:48 pm

just when you had thought you had seen it all

Today i saw an advert from a local sign company http://www.rscustoms.co.uk/pay-weekly-wraps/ ..Have your vehicle wrapped no credit checks pay weekly from £25...really wtf!!!!....im sure their customers will be queing up in their rusty old fiestas where the wrap wont stick lol
why do people even target people who cant afford it all they are doing is making their job hard ...even harder chasing the money and more so cheapening the industry !!
Last edited by Allister Wells on Mon Nov 26, 2018 7:17 pm, edited 1 time in total.
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Post Mon Nov 26, 2018 6:57 pm

Re: just when you had thought you had seen it all

Allister Wells wrote:Today i saw an advert from a local sign company ..Have your vehicle wrapped no credit checks pay weekly from £25...really wtf!!!!....im sure their customers will be queing up in their rusty old fiestas where the wrap wont stick lol
why do people even target people who cant afford it all they are doing is making their job hard ...even harder chasing the money and more so cheapening the industry !!
Just think how many weeks it would take to cover the cost of the vinyl & labour never mind make a profit!
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Post Mon Nov 26, 2018 7:12 pm

Re: just when you had thought you had seen it all

Small print probably says *£25 per week for 52 weeks, includes a wrap of 1x door handle .....
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Post Mon Nov 26, 2018 8:07 pm

Re: just when you had thought you had seen it all

30% deposit, the rest on the drip, interest free.

They should be FCA registered if offering credit to consumers.

I'm in no rush to start offering pay weekly :lol:
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Post Mon Nov 26, 2018 8:10 pm

Re: just when you had thought you had seen it all

Can’t be much of that type of work kicking around that neck of the woods, I don’t think I’d be very keen to go down the financing route. If you can’t afford our services we wish you well in your search for cheaper suppliers. NEXT!
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Post Mon Nov 26, 2018 8:19 pm

Re: just when you had thought you had seen it all

We did a little bit of digging on this. The idea being to offer big contracts the chance to pay over time. I didn’t do enough digging and haven’t picked it back up as haven’t had time.

However what will happen is the car will quoted at full price. They apply for finance with the customer. If the customer is approved the money gets handed over in a lump sum, customer then pays the finance company £25 a week for next 52 weeks.

There is a bit of paper work to go with it. Everything has to be very safe for all 3 parties.
If they can’t afford it, it’s not your problem. You keep your money, you’ve done your part and effectively just recommended someone to get a loan and a loan company in the process.

Very few brokers will touch this industry though, I would imagine less with wraps.
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Post Tue Nov 27, 2018 2:00 pm

Re: just when you had thought you had seen it all

Seems a good idea, make it more affordable to people who havent got the money. Potentially higher price point.

Record level of new credit card debt last month, the way the economy works has changed.Were being consumed by an ever growing debt mountain.

On a lighter note..... 28 days to xmas. :smiles:
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Post Tue Nov 27, 2018 3:32 pm

Re: just when you had thought you had seen it all

Steff Davison wrote:On a lighter note..... 28 days to xmas. :smiles:


Lighter? That's 28 more days to go into debt!
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Post Tue Nov 27, 2018 4:19 pm

Re: just when you had thought you had seen it all

Simon Worrall wrote:
Steff Davison wrote:On a lighter note..... 28 days to xmas. :smiles:


Lighter? That's 28 more days to go into debt!



Or 28 days to take money
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Post Wed Nov 28, 2018 12:03 am

Re: just when you had thought you had seen it all

We offer finance through a finance partner, we have the permisable FCA and pay for this yearly at £250. There are good reasons for offering finance and not because the customer can’t afford it (in fact that doesn’t help anyone). The main reason is the net cost of finance with a finance lease B2B (Sole trader / partner Ltd company) has huge tax advantages reducing the cost of the borrowing by up to 21%. This means typically leasing £1000 over 2 years roughly costs £1160 net. So in short it’s cheap borrowing and saves cash flow. My business has benefited in increased sales and higher spec jobs since offering finance to clients.

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