Vertu Motors introduces military car finance scheme

Vertu Military Car Sales aims to combat car credit problems with serving or ex-armed forces

Vertu motors

Members of the UK Armed Forces have always it hard to get finance deals for new cars. But Birmingham-based Vertu Motors have become the first mainstream dealer to offer car sales and leasing purely for serving or ex-military.

For most dealers, new car finance is accepted or declined based on a credit score produced by raw data in a computer. This poses serious issues for military personnel, who often don't stay at a fixed address long enough to build up a useable credit rating.

Advertisement - Article continues below

By teaming up with finance experts Close Brothers Military Services, Vertu Motors aims to solve this by offering a more flexible approach tailored to specific situations. Each case for finance is considered by underwriters experienced in the issues serving citizens have to deal with.

General Manager Debbie Lowden says Vertu “carried out a considerable amount of research” into the market and found that military personnel “often struggle to finance large purchases due to a lack of available and affordable credit”.

She claims the scheme is also aiming to go against “brokers who are taking unfair advantage and charging unacceptable finance rates”. Customers from all areas of the Armed Forces can choose from around 6,500 cars, at 122 locations across the UK.

Now read our list of the best new car deals 2015.


Most Popular

New Skoda Octavia vRS 2020 ride review
Skoda Octavia vRS Hatchback

New Skoda Octavia vRS 2020 ride review

We get our first taste of 242bhp Skoda Octavia vRS with Skoda tech development boss Christian Strube in the driver’s seat
10 Jul 2020
New Kia e-Niro 2020 review
Kia e-Niro SUV

New Kia e-Niro 2020 review

All-electric Kia e-Niro mid-sized SUV 
benefits from same updates as hybrid Niro versions
9 Jul 2020
New Cupra el-Born electric hot hatch offers 310-mile range
Cupra el-Born

New Cupra el-Born electric hot hatch offers 310-mile range

The sporty Cupra el-Born is the Spanish brand’s first all-electric vehicle – and it has a maximum claimed range of 310 miles
8 Jul 2020