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Since 2004 European Financial Services has been providing credit and lease facilities to enable customers to purchase or lease motor vehicles in New Zealand. In September 2022, UDC Finance Limited ("UDC") purchased the assets of European Financial Services from Giltrap Group and now European Financial Services is a trading name of UDC.
As a result, Audi Finance; Skoda Finance; SEAT Finance; Volkswagen Finance & Exclusive Automotive Finance are now provided by UDC.
UDC was established in 1938 and is New Zealand’s largest non-bank finance company. UDC is the leading consumer and commercial motor vehicle and equipment financier, strengthened by strategic relationships with leading manufacturer and extensive nationwide dealer networks.