View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Asset-based Lending
October 29, 2012updated 12 Apr 2017 4:05pm

Investec and McLaren launch finance partnership

Seven months after announcing plans to offer finance for prestige cars, Investec Asset Finance is set to provide sales finance for McLaren Automotive.

By Richard Irvine-Brown

Seven months after announcing plans to offer finance for prestige cars, Investec Asset Finance is set to provide sales finance for McLaren Automotive.

Under the terms of the agreement, Investec’s first with a manufacturer, the finance provider will offer and manage retail finance products throughout the authorised UK dealer network for McLaren, the high-end brand which offers road cars based on Formula One specifications.

According to Mike Francis, managing director of Investec Asset Finance, the company is looking to grow its "high-end" business and "the partnership with McLaren comes at an opportune time".

Bodies such as British Car Auctions and industry experts have pointed to the buoyancy of prestige cars, including the operations of McLaren, as an exception in the troubled UK economy.

Greg Levine, sales and marketing director at McLaren Automotive agreed the partnership came at "an exciting time", with McLaren’s retail network passing its first year of operation and the P1 model making its debut at the Paris Motor Show.

Investec Asset Finance is a wholly-owned subsidiary of global leasing company Investec Bank which began its car finance operation in March, partnered with broker London Asset Finance.

richard.brown@vrlfinancialnews.com

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Thursday. The leasing industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Leasing Life