Tag Archives: Lloyds

International Motors Limited (IML) has chosen Lloyds Banking Group to provide finance in the UK for Chinese brand Xpeng. The electric cars are being distributed through International Motors Finance, a joint venture business between IML and Black Horse, Lloyds Banking Group’s motor finance business. It will offer Hire Purchase (HP) or Personal Contract Purchase (PCP) products, providing greater payment choice ...

Black Horse owner Lloyds has set aside a further £700m for potential costs associated with motor finance Commission payments which will be heard in the Supreme Court in April. This brings the total set aside to £1.15bn, including the £450m set aside in 2023. Lloyds set there was a lot of uncertainty surround the amount to be paid. In its ...

Aston Martin has selected Lloyds Banking Group as its retail finance provider for UK vehicle sales. The new partnership will operate as Aston Martin Financial Services, the registered trading name of Lloyds Banking Group’s motor finance business, Black Horse. Marco Mattiacci, global chief brand and commercial officer of Aston Martin, said: “As we continue a thrilling phase of new product ...

Lloyd Motor Group’s new Lloyd Select used vehicle dealership has now opened on Scotswood road, Newcastle. The Group acquired the dealership premises, formerly operated by Cazoo on Scotswood Road, in 2023. The new Lloyd Select Newcastle dealership joins its sister Lloyd BMW Newcastle, Lloyd MINI Newcastle, and Lloyd Bodyshop Newcastle. David Stuart, head of business at Lloyd Newcastle’s, said: “The ...

Banking group Lloyds, has become the latest company to agree a partnership with Zoom EV. Zoom EV’s package of benefits includes discounted access to industry-leading public charging networks, smart home charging units, EV home energy tariffs and EV accident management services. Prospective EV owners getting finance online through Lloyds, one of the UK’s leading providers of motor finance, will receive ...

Batchelors Motor Group is set to open a new showroom in York with support from Lloyds Bank Commercial Banking. The company will open a Mitsubishi dealership and service centre on 18 February. The site is located on York Business Park in Nether Poppleton, near the Suzuki showroom the group opened in December 2018, and will create 20 jobs locally. The ...

Lex Autolease is closing its retail centres in Coventry and Oldbury The UK’s largest leasing business has over 40,000 customers with a total fleet size of over 290,000 vehicles. It disposes of about 70,000 ex-fleet and remarketing  vehicles a year Currently 85% of these go through BCA auction while 15% go through the retail sites. Now all the vehicles will ...

Dealers have been urged to put finance calculators on their websites or face losing business to banks launching car loan schemes. The warning follows last month’s launch of an online secured loan package by Halifax, part of the Lloyds Banking Group, enabling car buyers to fund purchases through PCP and HP packages. The Halifax Car Plan Extra offer is restricted ...

Business confidence among British firms has slumped to an all time low, according to the latest Lloyds TSB Corporate Markets Business Barometer.