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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 trademe.co.nz – 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.

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