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Northridge extends its portfolio

Northridge Finance, Bank of Ireland’s motor finance division, has extended its product portfolio with a personal leasing product, which it claims provides retailers with an antidote to direct lenders’ schemes.

Aimed at professional drivers and ex-company car users, Personal Lease has gross rentals matching HP/lease purchase rates and flexible residual values of up to 100% of CAP future values.

Northridge moved into Scotland and England six and three years ago respectively. James McGee, sales director says: “At a time when some finance houses are actively moving from leases by offering customers the facility to keep monthly payments to a minimum, we see the personal lease product as an additional tool against direct lenders.”

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