Payment Assist passes £1bn in vehicle funding
Finance provider Payment Assist has helped more than a million motorists pay for vehicle repairs valued at over £1bn.
Working with 8,000 workshops, Payment Assist offers interest-free finance on MOTs, services, tyres and collision repairs.
Marcus Gregory, CEO of Payment Assist, said: “With the rising cost of living putting households under increasing financial pressure, motorists are delaying essential vehicle repairs. While appearing to make immediate savings in the short-term, these decisions are leading to a significant increase in the number of unsafe vehicles on UK roads and leading to larger repair bills later down the line.
“At Payment Assist, we provide a simple way to spread the cost of routine servicing and essential maintenance over three, four or six-month interest-free plans. This makes it easier for motorists to approve routine vehicle repairs and prevent unnecessary delays to important work.
“Reaching £1bn in customer transactions is a huge milestone for our team. Through our flexible finance solutions, we’ve helped more than one million motorists to spread the cost of essential vehicle repairs and kept their vehicles in a safe, roadworthy condition as a result.”
