6 November, 2025. Allied Credit is proud to announce it has successfully completed and funded its acquisition of a $1.5 billion car finance portfolio from Macquarie Group’s Banking and Financial Services arm.
This strategic transaction represents a significant milestone for Allied Credit, supercharging its novated leasing business and car loan portfolio, while consolidating Allied’s position as one of Australia’s leading independent financiers.
Since announcing the deal in July 2025, Allied Credit has worked closely with funding partners Bank of America and MA Financial to secure the acquisition financing needed to complete the transaction on time.
“This acquisition is a major step in our strategy to be Australia’s high-performance financier,” said Jon Moodie, Chief Executive Officer of Allied Credit. “Adding the $1.5 billion car loan and leasing portfolio with over 55,000 new customers strengthens our position in the market and complements our existing capabilities, product offerings, and customer experience.”
Allied Credit has built extensive expertise in the auto finance sector since 2018, when it first launched a range of finance solutions for the automotive industry, growing from a niche recreational vehicle lender into one of Australia’s fastest-growing, prime auto lenders.
“As the industry continues to evolve, our focus remains firmly on delivering market-leading products and services to our partners, industry stakeholders and their customers,” added Moodie.
The successful acquisition of the Macquarie portfolio demonstrates Allied Credit’s growth ambitions in the automotive finance industry and allows Allied to strengthen existing relationships and establish new partnerships with leading salary packaging and car leasing providers.
All customers have now successfully migrated to Allied Credit. “The team at Allied looks forward to welcoming our new customers and salary packaging partners and providing the exceptional service and car lending expertise that Allied is renowned for,” Moodie concluded.
