CarMoney has unveiled plans to grow its annual vehicle finance volume to £730 million by 2029, as it scales up a dealer-first, technology-driven model across the UK.
Backed by the Peter Vardy Group, CarMoney’s growth strategy centres around expanding its national franchise network and increasing its presence in the independent dealer space.
The company currently works with more than 20 finance lenders and offers real-time finance comparison tools, including soft search technology that avoids affecting credit to help customers find tailored finance options across cars, vans, motorbikes and motorhomes.
Alastair Grier, CEO of CarMoney, said: “In the current climate, getting finance right is crucial for independent retailers. CarMoney’s platform, technology and lender panel give us the tools to serve dealers properly and help their customers drive away with the right deal.
“We continue to invest in our team and technology to enable us to support dealers and help them grow their businesses. We will bring on board 50 new staff this year to ensure we continue to provide exemplary service.”
Wendy Taylor, head of franchise at CarMoney, added: “The industry is evolving quickly, and customers expect more transparency, speed and choice. Car finance is no longer an afterthought in the sales process. We are seeing high levels of interest from professionals who want to run their own brokerage with the support of a proven brand and national infrastructure.”
CarMoney’s franchise model offers exclusive territories, flexible investment structures, and the opportunity to build long-term partnerships with regional dealers. Its platform integrates with major retail systems, including AutoConvert, Codeweavers and iVendi.
The company’s latest franchisee, led by motor trade veteran Liam Johnson, is now operating in central England, covering South Yorkshire and the East Midlands.