Stratton Finance confirms wholesale and retail finance availability for car dealers

14 November 2008

Stratton Finance today reminded car dealers across Australia that wholesale and retail finance is available from Stratton Finance.

Managing Director Rob Chaloner reassured dealers that Stratton will continue to offer retail and wholesale finance solutions to qualified applicants. Appearing on the ABC's Inside Business earlier this week, Chaloner confirmed that Stratton Finance is currently arranging commercial facilities for a number of dealerships as well as writing the retail contracts for dealership customers. "We can offer all the retail funds a dealership would need, and we can arrange a commercial bill facility for applicants that can provide the required financials, guarantees and security - relatively straightforward for any established business," said Chaloner today. "In terms of retail solutions, Stratton's large panel of lenders can finance just about any customer or car. Our nationwide network and real-time online services ensure that car buyers can access expert advice, online quotes and approvals any time."

"Wholesale finance is still available to dealers that can demonstrate a track record of profitable financials," said Chaloner. "We will continue to work with dealers to structure their wholesale finance, business finance and insurance for maximum flexibility and security during this period of economic instability. Despite the significant changes to the Australian automotive industry in recent weeks, we remain committed to our long term growth strategy. While the current demand for funding from dealerships has increased suddenly, we are well placed to satisfy the needs of dealers. We have sufficient funding capacity and ample system redundancy."

Dealers can access finance advice and assistance by calling 1300 STRATTON (1300 787 288), or visiting www.strattonfinance.com.au for more information. Instant quotes and pre-approvals are also available online at www.strattonfinance.com.au.

About Stratton Finance

Stratton Finance is a leading provider of finance and insurance solutions in Australia, writing more than $200 million annually in car finance alone. Established in 1998, the business has experienced 100 per cent growth each year for the last four years, offering an extensive range of finance and insurance solutions including car finance, equipment finance, property finance, boat finance and insurance broking.

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For further information please contact:

Eleanor Fala
Manager, Marketing & Communication
(03) 9685 9729
0449 996 729
eleanor.fala@strattonfinance.com.au

Rob Chaloner
Managing Director
(03) 9685 9701
0418 105 054
rob.chaloner@strattonfinance.com.au