CA Auto Finance, the UK subsidiary of the international CA Auto Bank Group, has entered into a long-term financial partnership with Caterham, the British manufacturer of lightweight sports cars.
The agreement, effective immediately, allows Caterham’s retail network to offer customers a broader range of finance options, including Personal Contract Purchase (PCP) and Hire Purchase (HP). Promotional offers will also be introduced on the 360S and 420R models.
The Caterham 360S is a road-focused sports car powered by a 2.0-litre Ford Duratec engine producing 180 horsepower. In contrast, the Caterham 420R is a track-oriented model with a more powerful 2.0-litre Ford Duratec engine delivering 210 horsepower.
The partnership marks another step in CA Auto Finance’s UK expansion following a period of growth in 2023. It also aligns with the company’s strategy of supporting niche car manufacturers by providing flexible financing solutions.
Caterham’s Chief Financial Officer, Trevor Steel, said the deal would give buyers greater flexibility when purchasing a vehicle. “Our 360S and 420R represent some of the most sought-after models in our UK range, and I have no doubt this service will enable more car enthusiasts to enjoy the thrill of owning and driving a Caterham Seven,” he said.
Christian Gorton, Marketing Director at CA Auto Finance, described the agreement as a milestone in the company’s support for the UK automotive sector. “We are fortunate to have the centenary heritage of CA Auto Bank behind us, meaning our team has the expertise and ability to provide flexibility to support all businesses, from the world’s largest innovators to more niche specialist manufacturers,” he said.
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By GlobalData
The new financing options are available now through Caterham’s UK retailer network.
