Northridge Finance marks first OEM deal

Northridge Finance has signed an exclusive agreement with SsangYong Motors UK to provide motor finance products to customers across SsangYong’s dealer network in the UK.

This represents Northridge’s first Original Equipment Manufacturer (OEM) partnership and is a key milestone in the business’s UK growth strategy. Northridge offers a comprehensive range of lending products for the dealer and intermediary market including; hire purchase, personal contract purchase, leasing and loan products.

James McGee, managing director at Northridge said, ‘We are delighted to have secured a partnership with the SsangYong franchise. The management in SsangYong Motors UK transact business in the same way as Northridge, through transparency and trust. The model range has evolved enormously and to confirm the strength of its’ products offers a market-leading 7-year warranty. We see the SsangYong brand gaining increased traction over the coming years and we will play a major part in making sure that this happens.’

Northridge Finance is a wholly owned subsidiary of Bank of Ireland UK. 

Nick Laird, managing director of SsangYong Motors UK, commented, ‘We are delighted to have appointed Northridge after a rigorous selection process. Working with Northridge, who have a similar working ethos, will support the growth of our business and help our dealers fund their inventory, while giving SsangYong customers the opportunity to obtain retail financing through a trusted company.  This important agreement allows us to offer a competitive range of retail finance products for our flagship Rexton, award-winning Musso, all-new Korando, due in dealer showrooms in September, and stylish Tivoli, which also has a facelift in the new year.’

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