CarMoney sets ambitious vehicle finance target
CarMoney has announced growth plans to reach £730m in annual vehicle finance by 2029.
Backed by the Peter Vardy Group, the company’s model combines a panel of more than 20 lenders with digital tools that allow customers to compare finance offers in real-time, including soft search technology that does not affect credit scores.
Alastair Grier, CEO of CarMoney, said: “In the current climate, getting finance right is crucial for independent retailers. CarMoney’s platform, technology and lender panel give us the tools to serve dealers properly and help their customers drive away with the right deal.
“We continue to invest in our team and technology to enable us to support dealers and help them grow their businesses. We will bring on board 50 new staff this year to ensure we continue to provide exemplary service.”
Car finance
Wendy Taylor, head of franchise at CarMoney, added:
“The industry is evolving quickly, and customers expect more transparency, speed and choice. Car finance is no longer an afterthought in the sales process. We are seeing high levels of interest from people who want to run their own brokerage business, with the support of a proven brand and national infrastructure.”
