CarMoney unveils new franchise strategy

Car finance broker CarMoney is gearing up for significant growth after launching its franchise model in key territories.

The brokerage, part of the Peter Vardy Group, aims to become the fastest-growing operation of its kind in the UK.

The franchising package will create partnerships which contain the complete CarMoney sales to payout process, backed by the industry’s finest technology integration tools.

Wendy Taylor, head of franchise at CarMoney, said: “We are proud to be able to announce the launch of the CarMoney franchise strategy, which creates an outstanding opportunity to share in our successful, fast-growing brand. CarMoney has a highly experienced, professional management team with the skills and dedication to deliver and support a strong franchise proposition. This includes the top level of financial services and retail car industry expertise.

“We expect to attract franchisees with extensive knowledge and experience of the car finance brokerage business and of FCA regulations and compliance requirements, as well as a proven track record of achieving exacting sales targets in a competitive business environment.”

Alastair Grier, managing director, added: “We are very excited about the launch of our franchising package which will provide car finance professionals with an exceptional opportunity to make a significant impact on the market.”

CarMoney simplifies the car financing process for buyers by applying user-friendly technology and has approved more than £1.3bn in loans over the past 12 months.