MG Motor UK has selected GMAC UK, a subsidiary of Ally Financial Inc, to be its preferred retail financing provider in the UK for manufacturer programmes and standard rate finance.

GMAC UK will provide financing to MG customers under the MG Financial Services brand.

Guy Jones, sales and marketing director of MG Motor UK, said: “As a company with extensive experience, resources and capabilities in the UK market, GMAC will support our brand and help us grow our business.

“This important development allows us to offer a competitive range of retail finance products for the new MG6 GT, Magnette and following models.”

GMAC and MG have entered into a multi-year agreement to finance new and used vehicle sales for customers through MG dealers.

GMAC is also the preferred financier for Vauxhall, Chevrolet and Saab dealers and their customers in the UK.