ACF Car Finance, the sub-prime used car dealer, has secured its future after its primary lender, The Funding Corporation (TFC), has announced that it has renewed its banking facilities, for a further two years.

Independent motor finance company, TFC, secured the funding with corporate lender Barclays Capital.

ACF Car Finance will be able to continue to arrange car credit throughout its network of eight used-car dealerships.

Norman Beaumont, sales and marketing director of ACF Car Finance, said: “We're now concentrating on improving the ACF Car Finance customer proposition even further, by re-locating and refurbishing our dealerships.

“Our customer base is growing and becoming more discerning so we need to invest now to ensure our success is sustainable.”

The ACF Car Finance dealerships are located in Leeds, Manchester, Birmingham, East Midlands, Bristol, Dunstable, Maidstone and Isleworth.