Rory RSC 596 Posted September 24, 2015 Does anyone deal with these companies? How do you find them?Do you bother if the customer won't give you a small deposit? We have been doing quite a few recently and its another way to get the cars out of the door. A lot of customers say other dealers just won't deal with them.My only personal gripe with these type of companies is that I find updates and being kept in the loop are fairly alien and I have to chase to get anything done. Share this post Link to post Share on other sites
SC Derby 259 Posted September 24, 2015 Thoroughly agree, I find it exactly the same, won't take a car off sale without a deposit (£200), if they're financing the whole amount I'll happily refund deposit on collection.Sold 4 cars this way in last 6 weeks, Share this post Link to post Share on other sites
James Bush 95 Posted September 24, 2015 I do a few deals with both Zuto and Carfinance24/7 and find them both to be pretty good, I agree that you do have to chase them a little and I inform the customer I'll only take the car off sale once I've received an invoice request which tends to speed things up a little. Share this post Link to post Share on other sites
Rory RSC 596 Posted September 24, 2015 Thoroughly agree, I find it exactly the same, won't take a car off sale without a deposit (£200), if they're financing the whole amount I'll happily refund deposit on collection.Sold 4 cars this way in last 6 weeks,I like that idea. I will have to pinch that Cashback. 1 Share this post Link to post Share on other sites
Steve92 80 Posted September 24, 2015 We had one go out on zuto and it was fine, in fact they chased us for an invoice so they could pay. Share this post Link to post Share on other sites
Tom 164 Posted September 24, 2015 Yes have done some this way, if it gets a car sold then it's all good! Share this post Link to post Share on other sites
sparky 274 Posted September 25, 2015 Like many, I don't get excited until I have a request for an invoice, then we are in business.What a success story they are though. When I first dealt with them as carloans4u it felt like I was dealing with a company based in old portakabin and now they are major players, rich major players at that. Hats off to the guys that started this very simple concept. Jealous? Not much. Share this post Link to post Share on other sites
SC Derby 259 Posted September 25, 2015 Zuto deal in the bag this morning, £200 deposit paid to be refunded upon Zuto payout!I love Zuto Share this post Link to post Share on other sites
Anglo9 26 Posted September 25, 2015 Agreed , Zuto dead easy to deal with and you can sell the car without discount , that said we also take a deposit to take car off sale Share this post Link to post Share on other sites
j4ck100 12 Posted September 27, 2015 Do you need to be FCA registered to deal with Zuto ? Share this post Link to post Share on other sites
Tom 164 Posted October 8, 2015 Do you need to be FCA registered to deal with Zuto ?Yes Share this post Link to post Share on other sites
SC Derby 259 Posted October 8, 2015 YesYou don't. I am not FCA registered since I moved premises and I have done 4 deals with them in 2 months. Share this post Link to post Share on other sites
Tom 164 Posted October 8, 2015 Oh I've been told different! Share this post Link to post Share on other sites
SC Derby 259 Posted October 8, 2015 (edited) No problem.as long as the customer contacts them first then you don't need FCA approval.tbh even if the customer does contact you first you can still send them to Zuto with instructions to keep their gob shut !You don't get any commission though. Edited October 8, 2015 by See Cars Derby Share this post Link to post Share on other sites
