NZ Automotive Investments Limited announced it has executed a new, lower cost trade finance facility with Finance Now. Finance Now, with whom 2 Cheap Cars has enjoyed a long-term strategic partnership, is providing a USD 5.0 million trade finance facility, replacing NZAI's current arrangement with ASB. CEO Paul Millward said the new arrangement is a win win - leveraging an already strong relationship and providing 2 Cheap Cars access to working capital finance at a lower rate.
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