Pledge to keep cars safe on the road sees Payment Assist reach £1bn lending milestone

Payment Assist has surpassed £1bn in customer transactions, having helped more than one million UK motorists to successfully spread the cost of essential vehicle repairs. 

Working with 8,000 garages, workshops, tyre fitters and dealerships nationwide, Payment Assist offers interest-free finance on MOTs, services, tyres and other important repairs. Every plan is simple and transparent, with repayments spread over equal and affordable monthly instalments. 

Reaching its £1bn milestone comes as a result of a wider pledge to keep cars safe on the road, with flexible finance said to be vital in enabling important repair work. With 10,000 vehicles having failed their MOTs in 2024 and 13,000 motorists prosecuted for driving unsafe vehicles during the same period,* Payment Assist is committed to supporting drivers and preventing the unintended consequences of delayed vehicle maintenance. 

Marcus Gregory, CEO of Payment Assist, commented: “With the rising cost of living putting households under increasing financial pressure, motorists are delaying essential vehicle repairs. While appearing to make immediate savings in the short-term, these decisions are leading to a significant increase in the number of unsafe vehicles on UK roads and leading to larger repair bills later down the line. 

“At Payment Assist, we provide a simple way to spread the cost of routine servicing and essential maintenance over 3, 4 or 6-month interest-free plans. This makes it easier for motorists to approve routine vehicle repairs and prevent unnecessary delays to important work.  

“Reaching £1bn in customer transactions is a huge milestone for our team. Through our flexible finance solutions, we’ve helped more than one million motorists to spread the cost of essential vehicle repairs and kept their vehicles in a safe, roadworthy condition as a result.”