Car Loan 4U officially ranked as UK's number one online car finance specialist
Car Loan 4U’s sustained growth has led to the company doubling both in terms of revenue and team members, which means it has passed it competitors and now occupies the top slot.The Experian Hitwise data* surveys the whole market and ranks Car Loan 4U in the number one position, week ending February 9th 2013.The car finance market is on the rise, with the latest figures from the Finance and Leasing Association (FLA) showing that motor finance providers saw a 14% increase in the total number of new and used cars bought by consumers and businesses using dealer finance.Car Loan 4U has seen its car loan completions rise by 110% over the last 12 months, with this statistic revealing that most of these car loans were completed for purchases of Audi, Ford, Mini, Vauxhall and Volkswagen models.Car Loan 4U Co-Director James Wilkinson comments: “It’s a tremendous achievement to be officially recognised as the number one online car finance specialist.“Our web presence coupled with our unique process, means that we continue to offer the consumer a positive new experience and we certainly don’t intend to rest on our laurels. The transition from online car shopping to offline purchasing is not as smooth as it could be, and Car Loan 4U provides an unmet need for consumers.“The last 12 months have been our most successful yet, which has led to record web visitors, car loan completions and establishing a partnership with Auto Trader. We have doubled both in terms of revenue and team members over the last year.“The demand for car finance is on the increase and the team is dedicated to ensuring we continue to set the benchmark online.”Car Loan 4U is predicting a record annual turnover for the current financial year, with a year-on-year growth rate of 120%.Car Loan 4U offers a wide range of car finance deals regardless of the customer’s history or circumstances to give a fast decision on loan applications for new and used cars, which can be underwritten, approved and paid in just 30 minutes.Hitwise data week ending February 9th 2013 based on total website visits (Please note, that the data does not include Carcraft and Carshop, as these are dealership-related searches). Full data chart available on request.