Luxury car financer expands with market boom
High demand for super cars has led a North Yorkshire finance company to boost its sales team by more than a third after a record October and a 20% increase in business.
Oracle Finance, which is based in Knaresborough and has offices in London and Glasgow, has hired 12 new employees, taking its workforce to 36.
The company is a provider of finance to the luxury car market, and each year underwrites some £250 million of funding.
Oracle Finance managing director Peter Brook said: “2013 has been a very significant year for our company, and boosting our sales force by 33 per cent is a direct result of the sheer number of enquiries we are handling combined with repeat business from our existing customers.
“The new additions to the Oracle Finance team will ensure we are able to retain our high level of personal customer service and help our clients drive away in their dream car.”
Mr Brook added: “Even in the height of the recession the luxury car market was relatively buoyant. Those wanting to own a prestige car were looking at the most cost effective way to purchase, and that’s where our expertise lies.
“In addition to loaning our own money, we work closely with 15 different lenders all with their own specialist niche. This enables us to source the best deals for our clients and helps maintain our position as the country’s luxury car funder.”