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Oodle breaks through £3bn car finance applications barrier

Time 11:17 am, February 22, 2019

OODLE Car Finance processed applications worth more than £3 billion last year, the company has revealed.

The figure represents a three-fold increase over the figure for 2017, when it processed nearly £1 billion in applications from UK drivers.

With Oodle having 168 car retailer partners, the £3 billion figure equates to around £18 million per retailer.


Oodle says it’s on a mission to match customers with great cars and make car ownership simple. This means working with retailers to drive consumer choice and innovating with technology and processes to drive the best consumer outcomes and experiences.

Building strong partnerships ensures Oodle can help its partners win in a fast-moving and changing marketplace.

Jonny Clayton, pictured, CEO of www.oodlecarfinance.com, said: ‘At £55 billion, the used car market is the largest retail market in the UK. However, it has yet to see the same digital transformation witnessed in all other retail sectors.

‘It’s our aim to use technology to revolutionise the way people buy and own cars. We’re excited to have seen such growth.


‘It’s a testament to our vision of what a finance company needs to be in this fast-changing landscape, and to our team’s passion to deliver an offering that can really shape customers’ lives by getting them into great cars as simply as possible.

‘These are exciting times, and we’ve only just started.’

MORE: Oodle is going from strength to strength

MORE: Consumer car finance market rises by volume and value

MORE: Leasing.com launches with its campaign ‘Say goodbye to buying’

Dave Brown's avatar

Dave, production editor on Car Dealer Magazine, is a journalist with more than 30 years' experience in the worlds of newspapers, magazines and public relations.

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