Powered by MOMENTUM MEDIA
investor daily logo

Ram raided

  •  
By
  •  
2 minute read

Motor vehicle finance was just another area of credit affected by the global credit crunch, with General Motors Acceptance Corporation Australia (GMAC) withdrawing its services in the back half of 2008.

This development paved the way for the ANZ owned Esanda to align itself with Subaru Australia for the provision of auto finance for customers.

This new partnership seems to be tinged with a bit of irony.

ATM blow ups and ram raids seem to be increasing in number and very often the vehicle of choice for the getaway is the Subaru WRX.

In light of this fact, could Esanda end up providing finance for cars that will eventually take part in the robbery of its own ANZ Night & Day banks?

==
==

We definitely hope not.