Fleet News

Rover bids for growth with new funding business

BMW Financial Services (GB) Ltd has taken the wraps off its new finance and fleet management operation for Rover Group vehicles. Rover Corporate Finance will offer fleets a full portfolio of funding and management services, including contract hire, contract purchase, finance leasing, fleet management and full outsourcing.

BMW has established Rover Corporate Finance, based in Hook, Hampshire, to support the Rover Group corporate sales teams, in a move which effectively ends Rover's close involvement with British Car Contracts. The manufacturer sold its 50% stake in BCC to the other shareholder Lombard last month.

Rover Corporate Finance is a trading division of Alphabet (GB) Ltd, BMW Financial Services' new multi-marque vehicle leasing and management company, whose managing director is Mike Baldry.

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