Alphera Financial Services Review | www.alphera.co.uk
Address: Europa House, Bartley Way, Hook, RG27 9UF.
Branding: Alphera Financial Services. Also known as: Alphera Finance.
FCA Licence: 025593.
From: Bayerische Motoren Werke AG (BMW AG).
Related: No companies.
Available: Monday to Friday (8am/7pm), Saturday (9am/5pm).
Bad credit considered: Fair-to-good score required.
Manage: No Alphera Financial Services login at www.alphera.co.uk.
Pricing: 5.9% APR onwards.
Products: Hire Purchase, personal contract purchase (Select).
Sums: Not disclosed.
Terms: 24 to 60 months.
Notes: Through the site you can’t apply and information on rates, sums etc is not displayed. To access their financing you would need to head through one of their partners (brokers or dealers). There are around 1120 of these in total. You would expect to find their service in most BMW dealerships as well as Mini and Rolls-Royce. We took the 5.9% rate from an Aston Martin page that covered their “Select” PCP agreement. We wouldn’t expect Alphera finance for bad credit to be possible.
– Operations: Their customer support team can be reached on Saturdays.
– Ownership: Since their formation in 1916, BMW has emerged as one of the world’s most iconic automakers with pre-tax profits sitting in the region of £6 billion. It hasn’t been much of a surprise to learn how successful the Group’s financial division has been that currently operates across 50 countries.
– Pricing: We have had to make a few assumptions on pricing. That mentioned rate at 5.9% taken from Aston Martin is the best rate we have seen in the sector. It may be the case that there are some 0% deals floating around specific to the automaker’s latest models.
– Profile: Their market profile is not quite matching the banking giants such as Lloyd’s Black Horse. However, we predict that in the next few years this company could become a major force. The recent Credit Today award of Car Finance Provider of the Year 2015 shows that they are very much making waves in the industry. Their growing network above 1100 shows that they have a great local reach and big future investments from the owner are always likely.