Ratesetter passes £100million lending figure for car loans

Peer-to-peer lender Ratesetter has now delivered more than £100million in car financing.

Nick Elkan,from RateSetter Motor Finance said “These are exciting times and £100million is a fantastic milestone for us to reach.  It proves that we are providing finance that car buyers need, competitively and efficiently.  Obtaining finance via a peer-to-peer lender is no longer niche, but something that increasing numbers of car buyers are aware of and choosing. Our competitors in motor finance have often been around for decades, but by building up a strong track record and understanding how the car industry works and exactly what buyers require, we’re increasingly able to win people over.”