Essay Repair Solutions Inc. (RSI) – Investment Proposal – Finance Assignment Help

Assignment Task

Problem The majority of Australians rely on motor vehicles for some form of daily transportation. In fact, on 31 January 2020, there were 19.8 million registered motor vehicles. This level of reliance on motor vehicles for daily transportation requirements has spawned a $16B car repair market, consisting of over 22,000 repair shops around the country. Yet, there are two problems.

First, over 3.2M Australians cannot afford a bill over $2,000. This affordability problem is getting worse due to low wage growth, banks tightening credit criteria and falling equity in homes. The reality for many Australians is that car repairs and maintenance can be expensive and many struggle to pay for these costs— particularly in a single payment in full.

Solution

-RSI will offer credit to customers, distributed directly through their auto repairer.

-RSI will supply free industry-leading technology via a webportal to auto businesses. Within any browser they can manage bookings and engage with their customer base, allowing RSI credit offerings to seamlessly integrate into the purchase process.

-RSI will give businesses increased sales opportunities with guaranteed payments, while providing consumers with a seamless payment experience and access to the additional capital they demand.

-RSI will collect vehicle and customer data across its vast network of merchants to create cross-sell opportunities for businesses and a trustworthy vehicle history for end consumers, with the aim to bring credibility to the used car market.