Premium finance house Singer & Friedlander Insurance Finance (S&F) has clinched a contract with intermediary Lumley Insurance Consultants.

It will provide premium financing on Lumley's new warranty package for car dealerships, called Driveasy.

Using the Driveasy package, premiums can be calculated through e-quote with paperwork printed instantaneously at a dealer's terminal.

Lumley is close to finalising deals with four of the country's top 10 dealerships to use the Driveasy product.

Dealers using the system can provide insurance and warranty products including motor insurance, warranty and servicing under a monthly payment.