MTF Ltd
Encyclopedia
Motor Trade Finances Limited (MTF) is a vehicle finance company based in Dunedin
, New Zealand
, operating nationwide through a network of car dealerships and franchise offices. It is one of New Zealands largest finance companies.
to offer vehicle financing through a group of twelve Dunedin motor vehicle dealers. Over time, MTF has grown to a dealer network throughout New Zealand. MTF is now an investor owned company, with ownership closely held by the dealers and franchisees who originate and ultimately guarantee repayment of the loans they individually originate. Originators must meet strict criteria in terms of customer focussed business practice, financial strength, and knowledge of the finance products they sell.
MTF has a strong presence in Canterbury and donated NZD$20,000 to the New Zealand Red Cross
following the February 2011 Christchurch earthquake. The full impact on the business is unknown but sufficient provisions were in place to meet any losses to the business and support was made available to effected customers.
Dunedin
Dunedin is the second-largest city in the South Island of New Zealand, and the principal city of the Otago Region. It is considered to be one of the four main urban centres of New Zealand for historic, cultural, and geographic reasons. Dunedin was the largest city by territorial land area until...
, New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
, operating nationwide through a network of car dealerships and franchise offices. It is one of New Zealands largest finance companies.
History
Founded in 1971, MTF was created as a cooperativeCooperative
A cooperative is a business organization owned and operated by a group of individuals for their mutual benefit...
to offer vehicle financing through a group of twelve Dunedin motor vehicle dealers. Over time, MTF has grown to a dealer network throughout New Zealand. MTF is now an investor owned company, with ownership closely held by the dealers and franchisees who originate and ultimately guarantee repayment of the loans they individually originate. Originators must meet strict criteria in terms of customer focussed business practice, financial strength, and knowledge of the finance products they sell.
MTF has a strong presence in Canterbury and donated NZD$20,000 to the New Zealand Red Cross
New Zealand Red Cross
The New Zealand Red Cross was created by nurse Beth Charpentier in 1914 shortly after the beginning of World War I generally for the purpose of responding to natural disasters or man-made disasters and also helping out vulnerable or needy people both in New Zealand and abroad.The organization is...
following the February 2011 Christchurch earthquake. The full impact on the business is unknown but sufficient provisions were in place to meet any losses to the business and support was made available to effected customers.
Board of Directors
- Roger Bonifant, Chairman
- Angus Bradshaw, Managing Director
- Warwick Cashmore
- Graeme Gibbons
- Mark Hatwell
- Stephen Higgs
- Michael King