MG Motor UK said that Santander Consumer Finance has been selected as its exclusive finance provider, as both companies agreed a five-year partnership effective from 1 January.
Trading as MG Motor Financial Services, MG and SCF will provide a full range of retail finance options to make buying an MG easier than ever before.
On the dealer side, new wholesale funding facilities will help MG dealers to gear-up for strong growth from 2020 onwards. The partnership supports MG’s Momentum & Growth mid-term plan which will see the ambitious British brand increase the size of its dealer network, add new models and reach over 30,000 new car sales by 2021.
In order to service the partnership with MG successfully, SCF have employed a new eight-strong sales team including a National Sales Manager and a National Marketing Manager.