Franchising details
Business Model and Services
First Vehicle Finance operates as a regulated finance brokerage within the vehicle contract hire and leasing industry. As a franchisee (referred to as an Appointed Representative), you do not provide finance directly but broker competitive deals from leading providers like Arval, Lex, and LeasePlan. The opportunity extends beyond vehicles to include business asset financing, offering diversified revenue streams.
Training and Support Provided
The franchise package includes comprehensive FCA compliance training, covering customer enquiry handling, funding administration, and regulatory requirements. Franchisees receive ongoing support including FCA approval processing, access to approved software systems with call recording VOIP phones, business stationery, and marketing assistance. The first year’s BVRLA membership and technology setup are included.
Marketing and Territory Structure
Marketing support includes a dedicated local webpage on the main First Vehicle Finance site optimized through search engine techniques, with three months of launch marketing tailored for the franchisee’s territory. The UK is divided into 120 exclusive territories, each containing a guaranteed minimum of 12,000 businesses, ensuring a sizeable customer base. Franchisees benefit from territorial exclusivity, minimizing internal competition and enhancing local brand presence.
Franchise costs and details
Training and support
Franchisees receive comprehensive training covering all aspects of the business, including customer enquiry handling, funding administration, and full FCA compliance enabling operation as an Appointed Representative. Initial training includes system setup, VOIP telephone use for call recording, and compliance procedures. Support extends beyond training to FCA approval assistance, ongoing marketing guidance, technology infrastructure, and business planning.
