Motor finance provider Moneyway has extended its partnership with car finance comparison site Car Loan 4U.
The new partnership follows the motor finance arm of Secure Trust Bank, Moneyway, increasing its maximum advance by 25% (representing a 50% increase on its lending commitments last year), which enables it to offer credit on a larger selection of vehicles.
Managing director at Moneyway John Simpson (pictured) said: “With disposable income on the rise, it is the perfect time for Moneyway to increase its maximum lend. This allows us to provide a “one-stop-shop” in the prime to non-prime space for our car dealers and brokers alike.
“Car Loan 4U provides an excellent service to its online customers and our operational processes work in complete synergy, making it quick and easy for motorists to gain access to finance. It is vital for us to maintain a positive customer journey as we enter the prime space and execute our ambitious growth strategy over the coming months.”
Industry director at Car Loan 4U Carl Eccles said: “Moneyway has a fantastic track record in providing finance solutions that are affordable for motorists. Our extended partnership means that we are in a stronger position to fund a wider range of vehicles and commit to greater volumes, so it’s a very exciting time for both businesses.”