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Darren Guiver-backed Moneyshake launches PCP finance alongside lease offers

Darren Guiver, former managing director of Group 1 Automotive UK

The Moneyshake car leasing comparison website backed by former Group 1 Automotive managing director Darren Guiver has secured nationwide dealership coverage to offer new car buyers PCPs.

The launch of PCP offers means that customers can directly compare leasing and PCP prices on new and nearly-new cars.

Moneyshake, launched in 2019, secured investment from Guiver, back in December 2020.

Guiver said: "Moneyshake has launched an industry leading PCP and PCH platform with car change calculator technology. The company is giving consumers freedom to pick the offer and dealer that has the best monthly payments.”

Guiver spent over 35 years in the motor industry, having built up and sold his Spire Automotive car retail group before becoming MD of Group 1 Automotive, a position he held until 2019.

Moneyshake recently recruited relationship manager Suzi Mosely to head up the expansion of the business’ PCP networks.

Since joining the company, Mosely has signed up Nissan dealers with 15 sites spanning the UK.

She said: “PCP remains a popular choice and consumers can now take advantage of our digital technology to research, compare and find the best price on their new car.

“With 82% of consumers we asked preferring an online car purchase, our hassle-free digital journey ensures buyers are engaged to buy and dealers can access prime leads.

“Dealers joining our platform can access our latest data on trends, so they can promote deals that have the best chance of selling, and our customers get the best deal.

“Advanced talks are taking place to bring dealerships on the platform that cover major manufacturers, including Ford, Seat, Renault, Volvo, Kia and Dacia.”

After two years of being live, the company reports that it has delivered over £23 million of written vehicle contracts.

Eben Lovatt, chief executive of Moneyshake, said: “We’re continuing to evolve our products and UX to ensure we’re providing our customers with the most effective way to find the best deal.”

Lovatt said that having a variety of finance options and good relationships with brokers and dealers should help “tackle the ongoing market issues” surrounding rising prices due to lack of stock.

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