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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Investment
2 mins to read

NZAI settles finance facility snag

2 Cheap Cars owner settles finance hurdle after previous deal goes awry.

NZAI owns used-car dealerships around the country.

NZ Automotive Investments is settling a finance facility snag, after facing bottlenecks with its banker.

Last year, the bank that provided facilities could not guarantee any extension beyond certain expiry dates.

It followed a significantly tough period for the owner of 2 Cheap Cars, after a mass

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Jonathan Mitchell Fri, 28 Apr 2023
Contact the Writer: jmitchell@nbr.co.nz
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NZAI settles finance facility snag
Investment,
98801
true