Auto Sector

Void left by GE exit filled with Marac's deal with Automobile Association

Marac Finance

The void left by the egress of GE Money from the retail vehicle loans business has been filled by Marac Finance as it announced a deal with New Zealand Automobile Association Inc (AA) to provide vehicle finance.

It was confirmed by GE Money last year that it will no longer write new vehicle loans. It should be noted though that GE Capital continued to offer vehicle leasing in New Zealand through Custom Fleet.

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