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Vanarama expands into car leasing market

Vanarama, the commercial vehicle leasing provider to UK trades, is expanding its business to lease cars too.

The company said the decision was prompted by “the booming personal and business leasing sector”.

Andy Alderson, Vanarama’s managing director, said: “With almost 76% of private new car sales paid for on some form of finance, it’s clear that the appetite for leasing shows no sign of abating.

“We will capitalise on our extensive knowledge of the motor trade and existing industry leading customer service and sales channels, to extend our offer to cars for new and existing customers across the UK.

“By extending our offer to supply cars we are increasing our market potential enormously.”

Alderson said Vanarama would use its buying power with major manufacturers to source cars.

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