Month: February 2016
If you fund your next prestige vehicle with Oracle Finance you do so safe in the knowledge that before and even after purchase Oracle is keeping a close eye on your investment.
Any vehicle funded through Oracle is automatically checked that it:
• Has no outstanding finance
• Is not reported as stolen with the Police
• Has not had any major accident damage
• That the car has not been a total loss and then cloned
• The V5 registration documents matches the chassis number
So, as well as a pre-purchase check all Oracle Finance funded vehicles are covered with the Oracle Security Watch Service. This useful facility means that your car is security registered with the police and across the motor trade and should anyone try to undertake any illegal activity involving the details of your vehicle the relevant authorities will be alerted and the situation brought to your attention. All of this means that with Oracle Finance you can rest assured that we are helping look after your car before and even after we’ve provided the funding.
We also off a free valuation check on any vehicle and for this or for any other further information call us on 0800 012 6666.
A survey conducted by Oracle Finance, the prestige car finance specialist, has shown an increase in buyers funding sports and prestige cars during 2010, despite the continued reports of a tough economic climate.
Oracle has seen an increase in the number of prestige and sports cars being financed over the course of 2010 amounting to an increase of 11% in comparison to 2009.
This upturn in spending is a strong indicator that buyers in the luxury car bracket were keen to take advantage of low interest rates and excellent vehicle finance deals without the burden of paying for a vehicle outright. Ultimately this demonstrates a clear intent from buyers to secure a good deal before inflationary pressures force interest rates to rise.
The team at Oracle witnessed a strong year for Range Rover with the Sport in particular accounting for almost 10% of the vehicles financed throughout the year and the Range Rover brand accounted for almost 18% in total of the finance deals they agreed. Audi sat happy as the 2nd most popular car accounting for 14% of the finance written with Oracle but was closely followed by BMW (12%), Porsche (9%) and Aston Martin (9%), in a survey which analysed buying trends of car owners in the £25k bracket and over.
The belief at Oracle is that part of the reason for the increase in activity at the top end of the prestige market is also helped at present by the reduced rate at which luxury vehicles depreciate in comparison to lower value and lower spec models. By purchasing a higher spec model and paying the balance over a 2, 3 or 4 year period buyers aren’t taking the hit of laying down large amounts of cash on an outright purchase and they won’t feel the negative equity when they decide to change car.
Oracle’s findings also point towards their client base, which is made up primarily of business owners, key decision makers and successful entrepreneurs, using their eye for a deal by not simply going with dealer finance and instead looking for alternative finance providers who are able to offer a good deal and an efficient service. Findings point to these customers making a conscious effort to treat the buying process as two different transactions. As opposed to purchasing the car and finance from the dealer the first transaction being the purchase of the car and the second being the finance deal they secure to do so.
Peter Brook, Managing Director at Oracle, commented: “Although the challenging economic climate has generally slowed spending on luxuries, we have continued to see a high demand for prestige vehicles. We have formulated arrangements and partnerships with the leading lenders in the UK and internationally, which allows us to provide the finance packages to meet our customers’ needs. As we aren’t affiliated to one car brand we tend to have a very savvy clientele who view finance as a separate transaction to purchasing a vehicle, thereby sourcing the best quotes available.”
Read more about this story on The Daily Telegraph website: http://www.telegraph.co.uk/motoring/news/8313657/Luxury-car-market-still-buoyant-says-report.html
Oracle Finance is bucking the trend for downsizing in the current economic climate and has recently appointed four new members to the team, two of which are recent graduates, as the business continues to grow. With over 60 candidates applying for the positions, a rigorous selection process saw each recruit undertake a number of interviews and psychometric testing before landing their new role.
Oliver Clarkson from Wetherby, who previously worked in real estate and web sales, has joined the team as Account Manager. His responsibilities include lead generation and new business development as well as managing the portfolio of new, existing and prospective customers. Oliver wanted to work at Oracle as he felt it was a fantastic opportunity to work with the market leader who last year financed over £250 million worth of high value cars including the likes of the exclusive Bugatti Veyron, Ferrari 458 and Pagani Zonda.
After graduating, Rachel Kiddle worked in an estate agency as a sales negotiator. As an Account Manager at Oracle, Rachel is responsible for building relationships with customers, discussing their requirements and providing a bespoke finance package to meet their needs. In fact, Rachel has already landed a deal financing a new Bentley Mulsanne at a cost price of £230,000.
Sandy Bates and Waseem Afsar join the Oracle team fresh from University and are already building a solid skill base through undertaking a number of in-house and off site training courses set up by the company. A firm believer in continual professional development, Oracle offer plenty of scope for, and progression within, the business and finance market in general, so these new employees are taking full advantage to advance their skills through the company’s investment in learning.
Peter Brook, Managing Director at Oracle, commented: “We are a very positive, forward thinking business and we have worked extremely hard to build up contacts and relationships with our customers. This has meant that we have continued to expand when other companies in our industry have struggled and we have continued to deliver unparalleled levels of service. The appointment of four new employees was necessary because we are so busy and the fresh new ideas and skills they have brought with them will be incredibly valuable to us going forward. As two of the candidates were relocating to the area, we helped them find accommodation and took on the rental costs until they found their feet, which is testament to the contribution we believe they will make to the business. ”
With the new and used car market hotting up this summer Oracles staff are working harder than ever to ensure the service provided and finance packages on offer are the very best in the industry. Call us for a quotation today if you’re considering buying ANY sports or performance car from ANY uk motor dealer.
A big thank you to you and the Team for your as ever excellent customer service… Thanks Lou your one in a million…. Car is fantastic x
Booming Britain
UK car production is continuing to boom and was up by 12 per cent last month due to the growing demand from Europe for British manufactured cars. An astounding 80 per cent of UK built cars are exported overseas, with key foreign markets including China, Russia and the United States. The car industry is going from strength to strength; 142,158 cars were produced in March this year compared with the 126,909 cars produced in March 2013, with a 2.9 per cent increase on the total number of cars built thus far in 2014 compared to last year’s figures. If the market continues to thrive this way, it is believed the UK will be on track for a record breaking level of car produced by 2017.
Oracle Finance providing flexible finance for exceptional cars.
T: 0800 012 6666
Meet the Oracle Finance Team at Salon Privé 2015!
Oracle Finance is proud to be exhibiting at Salon Privé for the third consecutive year and we look forward to welcoming you all to our stand.
Salon Privé is celebrating its 10th anniversary, and this year will be held at the stunning Blenheim Palace from the 3rd-5th September.
The three day event will include the Chubb Insurance Concours Judging Day on Thursday, the Ladies’ Boodles Day on Friday, where an £8500 ring will be awarded to the best-dressed woman, and the Supercar Show Day on Saturday, where supercars from 1975 to 2015 will be presented.
Salon Privé attracts discerning guests, collectors, buyers, owners and enthusiasts, presenting the finest automotive and luxury brands as well as the rarest and most valuable classic cars and motorcycles in the world. Several well-known super and luxury car brands, as well as, concepts and prototypes will be present.
This year, for the first time, visitors will be able to test drive some of the cars on a five-mile pre-planned route on the roads around Blenheim Palace.
For further information visit http://www.salonpriveconcours.com
Oracle Finance, providing flexible finance for exceptional cars.
T: 0800 012 6666