ALLIED Credit has entered into an agreement with Macquarie’s banking and financial services group to acquire the millionaires factory’s auto dealer finance business. The arrangement almost exactly mirrors that done recently by Angle Finance which has taken over the dealer finance business from Westpac’s St George car loans operations. Under the arrangement, Allied Credit has […]
INCHCAPE Australasia has launched its own finance company that will manage financial services for Subaru dealers and for Peugeot and Citroen retailers. In a statement to GoAutoNews Premium the company said: “Inchcape will launch its own dedicated financial services company leveraging the experience of Allied Credit via a true captive joint venture.” Financial services for […]
OVER-REACTION to moves by regulators attempting to protect car buyers from over-extending on the amount of money they borrow has caused a credit squeeze which most in the industry believe is responsible for a downturn in dealer sales of both new and used cars. The buyers are there, they just cannot get funding. Flying under […]
ALLIED Credit, a provider of retail finance in the motorcycling, marine and powersports market for a decade and now expanding into car retail finance, is inviting dealers, especially dealer groups, to come inside the vehicle finance tent as joint venture partners in car finance with mutual ownership of the finance book. The unusual business model […]
ALLIED Credit, the business funding retail finance for many of Australia’s biggest names in motorcycling, marine and powersports for the past decade, has revealed a unique dealer-centric business model as it sets off on a plan to become a significant player in the larger car finance market. Its key unique selling proposition is that Allied […]
Jon MoodieTHE team that led Macquarie Leasing’s growth in vehicle leasing and the transition to meet the challenges flowing from the changes made by ASIC to flex commissions last year has moved to Allied Credit. Jon Moodie, former managing director of Macquarie Leasing, has been appointed CEO of Allied Credit, which is a business funding […]