The UK and the EU have agreed a trade deal that is now governing our trading relationship and as people and businesses will begin to adjust to the new rules, we await the final agreement on financial services. In a post-Brexit world, we remain committed to supporting our customers and dealer partners. Our aim is to continue to provide our customers and dealers with the same range of products and services as we do today.

MotoNovo Finance has been in the motor industry for over 40 years, helping over half a million people to fund their next car, van or motorcycle. We have recently joined forces with the specialist bank, Aldermore, to create further benefits for customers, dealers and communities. Aldermore was founded as a British bank over a decade ago, operates solely in the UK and is well-funded, robust and resilient. Aldermore also has the backing of FirstRand – one of the largest financial institutions in South Africa – of which MotoNovo has been a part of since 2006. Being there for our customers and dealer partners will always be a top priority. This will not change as a result of whatever the outcomes of the continued negotiations on the arrangements for financial services.

As always, any customers concerned about going into arrears on their loan or who may be experiencing financial difficulty, should contact us as soon as possible so that we can work together on a solution.

SMEs looking for guidance and support may wish to read UK Finance’s Lets Talk Business information. UK Finance recommends SMEs assess their financial requirements together with their bank, as well as considering the impact of potential changes to trade arrangements.

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