Peter Vardy's CarMoney brokerage offers new franchising opportunity

Pictured above is Wendy Taylor, CarMoney’s head of franchise

THE Peter Vardy Group‘s car finance brokerage, CarMoney, is looking to accelerate growth as it launches its franchise model in key territories.

The brokerage said its ambition was to become the fastest-growing operation of its kind in the UK. It comes at a time when the FCA is investigating possible mis-selling in the car finance arena.

CarMoney expects its franchising package to “attract the top tier of finance and business opportunity professionals”, for its complete sales to payout process.

“CarMoney has a highly experienced, professional management team with the skills and dedication to deliver and support a strong franchise proposition. This includes the top level of financial services and retail car industry expertise.

“We expect to attract franchisees with extensive knowledge and experience of the car finance brokerage business and of FCA regulations and compliance requirements, as well as a proven track record of achieving exacting sales targets in a competitive business environment.”

Wendy Taylor, head of franchise at CarMoney Tweet

Alastair Grier, CarMoney’s managing director, said the Glasgow-based business had approved more than £1.3 billion in loans over the past 12 months and had an extensive lending panel, including BNP Paribas, Close Brothers, Blue Motor Finance and Zopa. It was the 12th fastest growing company in Scotland in 2023, he added.