We’ve just added a neat new feature to our finance proposal form.

In order to make it easier for the customer to forward a proposal form to a Dealer, we have made the Bank Details section of the form optional.
As the customer can now skip this section it should be more likely that partially completed finance proposals are submitted.
There have traditionally been two reasons why the customer may not complete the bank details section:

- they are uncomfortable putting their bank details on a website form (even if that form is secure)
- they don’t have their bank details to hand at the time

The Dealer can then make contact with the customer and request the bank details in order for the proposal form to be competed.

Just a small one this, but we can now set the “from” address in emails sent as part of the Email Me This Quote functionality so that rather than always coming from “noreply” at Codeweavers, we can use your reply email address.

As someone once said to me “The devil is in the detail”.

We have just updated our finance service to enable dealers to set the default deposit to a percentage of the vehicle’s cash price.

On a vehicle listing page showing a range of prices the deposit shown can now be proportional to the cash price I.e. instead of £1000 across all vehicles deposit can be set to, for example 15%, of the cash price. So the deposit we would use to calculate on a £6,999 car would be £1,049.85 and on a £19,950 vehicle it would be £2,992.50.

Don’t forget that as well as adjusting deposit based on Cash Price you can also set the sell-out rate based on the finance advance, so you can now really start to display your stock in its best light.

We have update our support documentation to explain the details.

For more information contact support on 0800 021 0888 or email us on support@codeweavers.net

Payment search on the Yeomans web site

Payment Search finally went live today on the Yeomans website, provided by GForces. 

This is a big day for Codeweavers as the technical challenge has been significant.

So what makes Payment search so different?

1. “Real time” results

Each time “Search” is clicked, we calculate using up to the minute stock information. As Yeomans update their stock throughout the day, the results are near instantly reflected on Payment Search. So if a cash price of a vehicle is changed, they can be sure, that the payments displayed reflect this.

2. It’s fast

It really is fast. On Yeomans we can calculate 1200+ HP & PCP quotes on 600+ vehicles in around 0.5 of a second. Not bad when you think about what the service has to do for each one of those 600 vehicles.

• Look up the dealer’s rates and terms
• Look-up and extrapolate the correct residual value for the age/mileage/lender combination
• Calculate the payments, and the rest of the figures required for compliant quotes
• Check the dealer’s required sell-out rate for the vehicle (each one can be different)
• Produce an APR for each quote
• Calculate the Representative Example information
• Validate product parameters such as deposit, term and commission caps
• Validate the vehicle’s eligibility for the each finance product in terms of age and mileage
• Order the results and send back the correct page of results
• Store the quotes for reporting and to facilitate “Email-me this Quotation“

3. It’s simple to implement

In order to get Payment Search all is needed is a link or form to be added to the main web site.
A little bit of branding and Bob’s your Uncle.

4. It’s FREE to our existing customers

Well that’s it, LIVE ready to go.  If you are an existing Codeweavers customer contact us to discuss getting Payment Search on your site.  If you are not a Codeweavers customer today don’t worry! Payment Search can be yours for less than you would think.

Happy searching…

Another new feature has been added to the ‘Finance Control Panel’ functionality for Codeweavers’ clients.

And it’s a big one. Now it is possible for you to control and amend your sell-out rates at a vehicle level. This means that you now have granular control for your stock on a finance-product-by-finance-product basis. So, if on a particular vehicle you want to amend the sell-out rate on HP to 11.9% APR and the sell-out price on PCP to £300 commission then you can do so.

The possibilities here are endless – you can now amend the finance offer for the vehicle to highlight PCP as a product, or to offer deals on over-age stock, or even to amend the rates on a particularly desirable vehicle. All through your ‘Finance Control Panel’ tool.

To find out more, contact us at supportteam@codeweavers.net or on 0800 021 0888.