Reaching £1 billion in customer advances is a huge milestone for Payment Assist.
It means over one million UK motorists have been able to spread the cost of essential car repairs, helping them stay on the road when unexpected bills arise.
For garages and dealerships, it also reflects the role flexible finance plays in helping customers approve essential work sooner, reducing delays, protecting revenue and keeping workshops moving.
A Word From Our CEO
Marcus Gregory, CEO of Payment Assist, commented: “As household budgets remain under pressure, many motorists are delaying essential vehicle repairs, often leading to unsafe vehicles on UK roads and larger bills later on.
“At Payment Assist, we make it easier for motorists to approve routine servicing and essential maintenance by spreading the cost over 3-, 4- or 6-month interest-free plans.
“Reaching £1bn in customer advances is a huge milestone for our team, reflecting the support we’ve provided to more than one million motorists in keeping their vehicles safe, roadworthy and on the road.”
A Track Record You Can Trust
These numbers are hard evidence of our strong track record.
As the UK’s leading provider of flexible finance solutions for car repairs, Payment Assist is FCA-regulated and part of AIM listed Manx Financial Group PLC, with lending provided through Conister bank. That means garages and dealerships can offer finance with confidence, knowing they’re working with a robust, compliant financial institution.
With over £1 billion processed, more than one million customers supported, and over 8,000 partner businesses already signed up across the UK, the milestone demonstrates the scale of trust Payment Assist has achieved.
And we’re only just getting started.
Supporting Garages, Dealerships and Drivers
There are around 40 million licensed vehicles on UK roads. Keeping them roadworthy is no small task, particularly when the average full service costs between £170 and £300 before any advisory work is added.
For many motorists, unexpected repair bills simply aren’t affordable at short notice. That lack of immediate financial headroom can lead to delayed work, missed maintenance and vehicles staying on the road with known issues.
For garages and dealerships, that can mean lost revenue, incomplete jobs and customers putting off work they know needs doing.
Payment Assist was built to change that.
By offering customers a simple way to spread the cost, businesses can make essential repairs more manageable, helping more customers say yes to the work they need.
Benefit From a Reduced Rate
Payment Assist gives garages and dealerships a simple way to offer interest-free car repair finance to their customers.
Plus, with our recent rate drop to 4.5% across all 3-month plans, businesses can save more while continuing to offer customers the flexibility they expect.
Want to Offer Interest-free Car Repair Finance?
Payment Assist is a trusted provider of Buy Now, Pay Later finance for car repairs.
With 0% interest for your customers and a simple, no-hassle process for your business, we can help you increase approvals, convert more amber work and keep customers moving.
Sign up for Payment Assist today or get in touch to find out more.
FAQs
How does Payment Assist affect my garage’s cash flow?
You receive the full repair value upfront. Payment Assist handles collection from the customer. There’s no waiting on payments, no chasing invoices, and no cash flow risk to your business.
How does flexible finance affect my conversion rates?
When customers can spread the cost, they’re significantly more likely to approve repair work on the spot, including higher-value jobs they might otherwise delay or decline. Garages using Payment Assist consistently report stronger conversion rates and higher average transaction values.
Does it cost anything to sign up as a Payment Assist partner?
No. There are no setup fees and no long-term contracts. You can start offering flexible finance to your customers without any upfront commitment.
Further Reading
- Payment Assist is Lowering its Rates to Help Dealerships Grow
- How Payment Assist’s Car Repair Payment Plan Helped J Petty Motors
- Payment Assist Partners with Purchase Direct to Bring Interest-Free Car Repair Finance to Millions
- Payment Assist & Car Care Plan Partner with Nissan to Launch Nissan Instant Service Plan
