Stratton (financial services)

Stratton Finance
Private Company
Founded 1998
Headquarters Melbourne, Australia
Area served
 Australia
Key people
 Rob Chaloner (Managing Director and Founder)
Services Finance Broker, Car loans, Personal Loans, Equipment Finance, Insurance
Website www.strattonfinance.com.au

Stratton Finance is one of Australia's largest car and asset finance brokers, with offices in most Australian capital cities and a national network of franchises.[1]

Stratton Finance offers business and personal finance for a range of different types of assets, including cars, truck and heavy vehicles, business equipment, machinery, property and marine-craft, as well as a range of insurance products. Stratton Finance originates in excess of $700 million of car and asset finance per annum, and has a staff of over 250 people Australia wide.

Stratton Finance is an Australian Finance Broker, accredited by over 50 lenders and insurers, some with exclusive agency.

In 2014, Stratton became part of the Carsales network when Carsales.com Ltd bought a 50.1% share in the business.[2]

History

Stratton Finance was first established by Rob Chaloner in 1998 as a specialist motor finance broker.[3] The business initially relied on referrals from a Melbourne-based Land Rover dealership, but rapidly began attracting word of mouth referrals and a number of finance consultants were employed to meet the growing demand.

Products and Services

Stratton Finance offers clients a range of car finance products, including Finance lease, Commercial Hire Purchase, Chattel mortgage, Novated lease, Fully Maintained Novated Lease, Consumer Loan and Personal Loans. While predominantly focused on vehicle finance and insurance, Stratton Finance also offers finance for a range of different types of assets, including cars, truck and heavy vehicles, business equipment, machinery, caravans and marine-craft.

Additionally, in 2012 Stratton Finance partnered with a vehicle procurement program, carconnect, utilising a national dealer network to source vehicles for customers at fleet prices.

Stratton Finance consultants and accredited franchisees represent over 50 finance companies, including major lenders Alphera Financial Services, Macquarie Leasing, Esanda (ANZ), Commonwealth Bank of Australia (CBA), GE Money, and Liberty Financial Services.

Franchising Program

Stratton Finance has company-owned offices in Melbourne, Sydney, and Brisbane, and a franchise network which operates in metropolitan and regional areas around Australia.

The franchise program provides independent finance brokers with the opportunity to develop their own local business with the support and recognition of a large, established industry brand and reputation.[4]

Franchisees are provided with a complete franchise system, including finance leads, access to a range of finance and insurance products and access to Stratton Finance's proprietary IT platforms.

The franchise program, launched in 2009, now includes 24 offices nationwide.

Licences and Professional Memberships

Stratton Finance (and related group companies) hold an Australian Credit Licence (364340), is a Licensed Motor Car Trader (10697) and is a member of several professional and industry organisations that provide consumer protection and industry guidelines and standards.

Stratton Finance is an accredited member of the FBAA (103514), the Franchise Council of Australia and a Credit Ombudsman Service Limited (COSL) member (408706).[5]

References

  1. ↑ "stratton Expands with Franchises". Franchise.net.au. Archived from the original on 1 April 2012. Retrieved 29 February 2012.
  2. ↑ "Carsales buys major stake in finance group Stratton". Australian Financial Review. Retrieved 1 July 2014.
  3. ↑ "stratton - Our Company". stratton. Retrieved 29 February 2012.
  4. ↑ "What it takes to become a stratton Franchise Partner". Franchise Business. Retrieved 29 February 2012.
  5. ↑ "stratton - Licences and Professional Memberships". stratton. Retrieved 29 February 2012.
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