More bad news concerning the local car industry has hit the headlines today, with the announcement that Ford Credit is pulling out of retail financing (financing cars for private buyers) in Australia, with some in the banking sector expecting its involvement in wholesale finance (financing cars for dealers) to meet a similar fate in the [...]

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More good news regarding the Australian dealer finance situation has surfaced today, with the announcement that Subaru Australia and Esanda are partnering to form a new retail and wholesale automotive finance partnership.

Esanda steps in as GMAC prepares to pull out of Australia

Subaru’s current agreement with GMAC Finance was terminated earlier this year by GMAC, a [...]

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We recently brought you the shock news that GE Finance and GMAC Financial Services are withdrawing their services from the local car market at the end of 2008. What this means to the layman is that dealers who have been using either of the providers to finance their floor stock, are being left high and [...]

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