Car dealer group Citygate Holding has expanded its services by introducing a dedicated vehicle leasing division, Citygate Leasing.
Approved by the Financial Conduct Authority (FCA), the division aims to enhance the company’s offerings to both retail and business customers across mainland UK, with a strategic emphasis on London and Home Counties.
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Citygate Leasing is equipped with a specialised team and is collaborating with a panel of funding partners to provide personal contract hire (PCH) options for retail consumers and business contract hire (BCH) solutions for organisations.
The leasing division will capitalise on Citygate’s existing network of dealer groups for vehicle ordering and processing. Citygate Leasing is also set to introduce a salary sacrifice solution.
While the initial focus is on delivering new vehicles, Citygate Leasing is already exploring future opportunities with select partners to incorporate secondary leasing for approved used stock.
Citygate managing director Greg Taylor said: “Leasing has become an increasingly popular choice for consumers looking for cost-effective and convenient vehicle and maintenance solutions, so the launch of our new leasing business aims to ensure that Citygate continues to offer the breadth of products and services which meet the needs of both retail and corporate customers.”
Citygate is the retailer of new and used Volkswagen passenger cars and commercial vehicles, as well as ŠKODA, SEAT and Kia cars in Greater London, London, Middlesex, Hertfordshire, Buckinghamshire and Berkshire.
