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Marshall Leasing’s Parent Company Northridge Finance Signs Exclusive Agreement with SsangYong Motors UK for Motor Finance
05 July 2019
Marshall Leasing’s parent company, Northridge Finance (Northridge), one of the UK’s most dynamic and partner driven asset finance houses, today announced it has signed an exclusive agreement with SsangYong Motors UK (SsangYong) to provide motor finance products to customers across SsangYong’s dealer network in the UK. This new white-label arrangement will trade as SsangYong Financial Services.
The announcement represents Northridge’s first Original Equipment Manufacturer (OEM) partnership and is a key milestone in the business’s UK growth strategy. Northridge offers a comprehensive range of lending products for the dealer and intermediary market including; hire purchase, personal contract purchase, leasing and loan products.
In March, Northridge announced a record year for lending in 2018, with the company achieving gross new asset finance lending of £1.1bn, an increase of 31% on 2017. In June 2019, Northridge was recognised with the award for Best Independent Lender (Bank Owned) at the highly prestigious Car Finance Awards.
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