SsangYong Motor UK has selected GMAC UK, a subsidiary of Ally Financial, as its preferred financing provider for SsangYong vehicles in the UK.

GMAC UK will provide wholesale financing for dealers and retail financing for customers.

Paul Williams, chief executive of SsangYong Motor UK, said: “Working with GMAC will support the growth of our business and help our dealers fund their inventory, while giving SsangYong customers the opportunity to obtain retail financing through a trusted company.

“This important agreement allows us to offer a competitive range of retail finance products for the new Korando, as well as on Rexton, Rodius and other new models in the future.”

GMAC and SsangYong Motor have entered into a multi-year agreement to finance wholesale and both standard and supported retail business.

“The announcement of the new partnership to the SsangYong dealer network at our first quarter meeting was enthusiastically received,” Williams said.

GMAC is also the preferred finance source for Vauxhall, Chevrolet and Saab dealers and their customers in the UK, as well as the preferred provider of consumer financing for MG Motor vehicles.