The UK subsidiary of CA Auto Bank CA Auto Finance, and KGM have launched KGM Financial Services.
The new brand will offer retail and contract hire finance and wholesale financing.
Drivalia, which is the rental and leasing arm of the CA Auto Bank Group, will continue to provide its services using the KGM Leasing brand.
After funding more than 1,000 vehicle purchases since the partnership between CA Auto Finance and KGM was announced in December 2023, the launch of KGM Financial Services represents a further strengthening of ties between the two companies.
Christian Gorton, marketing director at CA Auto Finance, said: “We had an exceptional year at CA Auto Finance in 2024 and the launch of KGM Financial Services with our partners at KGM UK offers an exciting start to the new year as we seek to grow the brand’s presence and awareness in the UK market.
“We look forward to working with the KGM UK team to establish KGM Financial Services as a unified and recognisable brand for consumers looking to finance their new vehicle purchase.”
Kevin Griffin, UK managing director at KGM UK, added: “We are delighted to launch KGM Financial Services in partnership with CA Auto Finance.
“This joint venture provides customers with the opportunity to obtain retail financing through a trusted company, and gives access to strong offers with low deposits, low interest rates and a host of products.”
SsangYong Motors UK changed its name to KGM Motors UK in 2023, following the Korean carmaker’s acquisition by KG Group in 2022.
CA Auto Bank is wholly owned by Crédit Agricole Consumer Finance, which operates as an independent and multi-brand player in the vehicle financing and leasing sector.