Caterham, the Sussex-based light sports car manufacturer, has partnered with Santander Consumer Finance (SCF) to provide financing for its customers.
The partnership, which is to last three years, will target retail buyers of either new or used cars from the Seven range, with a range of finance options.
Stewart Grant, SCF commercial director, said: “We are thrilled to be working in partnership with such a highly regarded, local and iconic British brand. An important element of Santander Consumer Finance’s development strategy is to extend our reach into new markets, focusing in new and exciting customer segments such as sports car enthusiasts and niche manufacturers, offering the very best service and product proposition.
Graham Macdonald, chief executive officer at Caterham, said: “Fundamental to Caterham’s success is to put the driver experience at the very heart of what we do. We have invested in extending our sales network and it’s great that we can support that with a comprehensive range of flexible finance options for their customers.
“Our new partnership with Santander Consumer Finance enables us to offer flexible terms and attractive finance rates, offering customers a great new way to own their next new or used Seven.”
Caterham’s flagship model, the Caterham Seven, launched in 1973, and has since expanded to six variants. In 2016, Caterham reported its highest new car sales for 20 years. Around 650 new and used models were sold in 2017.