Klarna has announced a partnership with EMaC a UK’s provider of service plans to the UK automotive industry. EMaC dealers can now offer their customers the ability to use Klarna’s consumer finance in store as an option for instalment payments for car repairs and vehicle accessories, interest-free, as part of a ‘Drive now, Pay later’ programme. This is interesting as Klarna are typically associated with website payments and it expands their reach in the physical world.
The launch of the flexible monthly instalment plan – up to twelve months – comes as EMaC brings to market a wider suite of services designed to enhance dealer profitability throughout the entire auto ownership lifecycle. The ‘Drive Now, Pay later’ service uses Klarna’s cutting-edge technology which delivers a friendly consumer finance experience with easy credit application process and real-time decisioning.
Customers will now be able to pay for car repairs, parts and MOTs over time, bringing Klarna’s tried and tested online credit offering to the physical retail environment. It will allow big-ticket purchases that can often come at inconvenient times, to be spread evenly through an agreed payment plan. And with full support from EMaC’s experienced field team to set up the programme, dealers also benefit from staff training, ongoing performance reviews and best practice advice.
“Having a variety of options at the till gives customers considerably more flexibility, and a much better payment experience. By introducing Klarna’s consumer finance, EMaC are ensuring that customers, who may be making bigger ticket purchases, like car parts or repairs, will now be able to pay in a way that suits them, on their schedule. At Klarna, we’re focused on giving consumers control over how and when they choose to pay for their purchases, and this is a great step in our ongoing mission.”
– Luke Griffiths, General Manager, Klarna UK
