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£5 million investment sees launch of new specialist lender


WEBWIRE

A new specialist motor finance lender has just entered the market.

The Funding Corporation group has launched Specialist Motor Finance Limited with a £5 million investment, in a bid to boost its share of a growing market.

This new lender, as with the other associated group lenders; The Funding Corporation Limited and Cygnet Financial Services Limited, will have an exclusive trading relationship with car dealer ACF Car Finance Limited.

This launch is a response to the business levels experienced by ACF Car Finance which have outperformed expectations.

Managing Director of The Funding Corporation group, David Challinor comments: “The launch of Specialist Motor Finance is a fantastic development for ACF Car Finance and its growing number of customers. With an additional lender on the panel we will be able to assist more people who need a quality used-car and non-standard car credit.”

As the UK’s largest nationwide motor dealer specialising in supplying the car and arranging the specialist finance for customers, ACF Car Finance grows from strength to strength.

Challinor adds: “With Specialist Motor Finance joining the lending panel, ACF Car Finance can not only increase its business levels to meet growing demand, but also focus on improving the quality of the business even further. We are thrilled to be able to keep investing in and developing our business.”

This is just one of the enhancements to the ACF Car Finance customer proposition seen lately including the relocation and/or refurbishment of all dealerships. Three of the dealerships are also currently recruiting for their growing teams.

Specialist Motor Finance will be based at the Chester Business Park and began trading in October 2010.

Challinor adds: “There is a definite need for our products and services as can be seen from ACF Car Finance’s healthy application levels, and with this launch as well as other business developments, we can continue to meet the high expectations of our customers”.

Ends
Notes to Editors

For further information please contact Emma Bithell at deWinter PR on 01244 320 677 or email emma@dewinterpr@co.uk.

Specialist Motor Finance Limited. Registered in England number 5544622. Registered office address: IM House, South Drive, Coleshill, West Midlands B46 1DF.



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 car finance
 car loans
 car credit
 ACF Car Finance


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