The enhanced offering also includes the ability to service the needs of high net worth individuals as well as the ability to write business with customers utilising a Business Mileage Exemption clause allowing company directors to fund vehicles in their own name. Cars can be funded via fixed or variable rate products. These enhancements will provide a competitive offering to brokers and customers alike.
Commenting on the release of the enhanced policy, Aldermore's Group Commercial Director, Mark Stephens, said: "Aldermore has listened to its customers and has made the changes that brokers have asked for. The new car finance offering is an exciting proposition for Aldermore as we enter a new phase of our development. We are very much open for business and this change in policy has enabled us to move up a gear in the highly competitive car funding market and sees Aldermore becoming a serious funder in this area."
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