Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Trade Me Enters Automotive Finance

Trade Me Enters Automotive Finance

Trade Me has today unveiled ‘Trade Me Finance’ – a joint venture between Trade Me and FAI Finance. It comes hot on the heels of Trade Me Motors which launched in August and is already New Zealand’s leading automotive website, according to the Red Sheriff audience measurement service.

Trade Me Finance will be actively promoted throughout Trade Me and Trade Me Motors – which together are amongst the highest trafficked websites in New Zealand.

“When we launched Trade Me Motors, we auctioned a Mini Cooper for a $1 reserve. The first question we got was – ‘Can I get it on finance?’ “, said General Manager of Trade Me, Sam Morgan. “That started us thinking about how we could offer that service to our customers.”

The partnership will see Trade Me conducting the marketing and generating the applications, and FAI Finance offering the client servicing and the finance itself.

“We are excited about the potential of Trade Me Finance and being the exclusive supplier to New Zealand’s largest automotive website” said FAI Finance Sales Manager, Tom Ruddenklau.

Trade Me recently won second overall in the Deloitte Fastest 50 growing companies in the country, with a growth rate of 967% over the past two years. On Thursday night, in Hong Kong, Trade Me was recognised as the 13th fastest growing company in Asia-Pacific in the Deloitte Asia Pacific Fast 500.

Trade Me is Wellington based with 24 employees and operates a number of category leading websites, including – New Zealand’s largest online auction website.

FAI Finance specialises in providing consumer finance to New Zealanders, offering personal loans and consumer retail financing options via retailers on a wide range of products for the home and leisure.

FAI Finance has 28 employees and was established by the Hanover Group in February 2002.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

QV: Tax Changes Yet To Dampen Red-Hot Housing Market

Just over a month has passed since the Government announced measures aimed at dampening the rampant growth of the property market, and yet the latest QV House Price Index data shows the market hit a new high in April. The average value increased 8.9% nationally ... More>>

Stats NZ: Consents For New Homes At All-Time High

A record 41,028 new homes have been consented in the year ended March 2021, Stats NZ said today. The previous record for the annual number of new homes consented was 40,025 in the year ended February 1974. “Within 10 years the number of new homes ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>

Reserve Bank: Concerned About New Zealand's Rising House Prices

New Zealand house prices have risen significantly in the past 12 months. This has raised concerns at the Reserve Bank of New Zealand – Te Putea Matua about the risk this poses to financial stability. Central banks responded swiftly to the global ... More>>