Second-hand car finance provider S&U (LON: SUS) is set to enter the electric vehicle market. This should give it a head start over most of its competitors.
The Advantage Finance subsidiary is currently reviewing the electric vehicle market and is likely to at least dip its toe in the market in the near future. Management is aware that this will eventually become a major component of the second-hand car market. The prices of electric cars have reduced over the years and that means they have come down to the normal level of Advantage loans.
The resilience of electric batteries is one ...
