The business will provide finance to intermediaries looking to work with SMEs in need of cars and LCV finance – both new and used.

Luke Curtis is leading the team, which has its own field and underwriting resource.

MotoNovo Finance has given the thumbs-up to the just-published Financial Conduct Authority interim report into motor finance.

It said the report was “largely supportive” of the approach taken by the motor finance industry in areas such as credit and residual value risk management.

MotoNovo Finance is providing impressive evidence that its dealers are doing a measurably great job in helping their customers. Now, they are making their unique point-of-sale customer technology available to dealers who don’t currently use their digital signature process that has the satisfaction survey embedded into it and which is completed by a highly statistically significant 75% of all customers. 

Car search and finance website findandfundmycar.com has received more than one million searches in the two weeks since its launch.

The innovative UK challenger website, which went live in January, has also provided nearly £6 million worth of car finance proposals, provided by dealers on the site.

MotoNovo Finance’s new online used car classified platform findandfundmycar.com has generated more than a million searches in its first two weeks of trading.

The new entrant to the classifieds arena drove more than £5.78 million worth of finance proposals in the fortnight following its launch on January 15th, according to MotoNovo, as 58% of all car searches included a dealer finance search.

MotoNovo finance has launched its findandfundmycar.com classified advertising service built on a set of co-operative principals which aim to cut costs for car dealers.

A multi-million pound promotional campaign across satellite and terrestrial TV, radio and external marketing across the UK got underway this week to promote the new platform.