Car repair payment firm helps customers ave £213m in repairs

This proves the financial advantages of exploring alternative payment options in the automotive industry, something they have always worked towards.

With unforeseen car repairs costing drivers £10 billion collectively, the financial unpredictability of vehicle ownership is clear. Exploring all available payment options is essential for managing unexpected repair costs effectively.

"Interest-free payment plan options for car repairs provide a valuable benefit for drivers. This straightforward solution helps manage unexpected expenses without any extra costs," Jackson adds.

"By staying financially prepared, drivers can protect themselves against unexpected repair bills and ensure uninterrupted access to essential transportation."

A study of 2,000 UK drivers reveals that nearly seven in ten drivers faced unexpected repair bills last year, highlighting the need for financial preparedness in the automotive sector. Interest-free payment options can offer vital relief for those dealing with sudden expenses.

"It's important for drivers to explore ways to manage vehicle repair costs. Planning ahead and setting aside funds for potential repairs, as well as considering accessible financing options, can help alleviate the financial strain," Jackson notes.

In the recently published FT1000, Bumper achieved its highest position, ranking 281, with a compound growth rate of 93%. Their success is due to the exceptional talent of their teams in the UK, Spain, Germany, Netherlands, and Turkey and the fast-growing number of dealers choosing to use Bumper's platform in the UK, Republic of Ireland, Germany, Spain and the Netherlands.

Bumper also completed a £40m fundraiser in 2023, which is already being used to accelerate the next stage of their growth, which will see the number of repairs they help their dealer partners to facilitate double to 500,000 this year and continue to double annually.