About Motonovo Finance
Motonovo Finance is one of the UK's largest independent motor finance lenders, operating as a subsidiary of FirstRand Bank. With over 25 years in the UK market, Motonovo has built a strong reputation for competitive pricing and broad vehicle acceptance across the used car spectrum, including used prestige and performance vehicles. They are FCA regulated and process a high volume of applications efficiently through a technology-led platform. Motonovo is particularly well regarded for their service to dealer and broker partners, with consistent underwriting and fast decisioning.
Indicative Rates - October 2026
| Term | Hire Purchase (HP) 8.1% APR | Finance Lease 7.8% APR | Operating Lease 7.6% APR |
|---|---|---|---|
| 24 months | £6,791/mo | £6,770/mo | £6,757/mo |
| 36 months | £4,707/mo | £4,687/mo | £4,673/mo |
| 48 months | £3,669/mo | £3,648/mo | £3,634/mo |
| 60 months | £3,049/mo | £3,027/mo | £3,013/mo |
Example monthly payments on a £150,000 asset, no deposit. Indicative only - actual payments depend on deposit, status and lender criteria.
Motonovo Finance: Lender Profile
Motonovo Finance was established in the UK as a specialist motor finance lender and has grown into one of the market's largest independent providers. As part of FirstRand Bank (South Africa's largest banking group), Motonovo has strong capital backing alongside its operational motor finance expertise.
Key Stats
- Minimum loan: £3,000
- Maximum loan: £500,000
- Typical LTV: Up to 80%
- Typical term: 12–60 months
- Regulated by: FCA
- Parent group: FirstRand Bank Ltd
Eligibility Overview
Private individuals and businesses. Broad acceptance criteria. Employed and self-employed applicants considered. UK-registered vehicles. Strong appetite for used prestige and performance cars.
Pros
- Large independent lender with strong capital backing
- Broad vehicle acceptance across prestige and performance
- Competitive 8.1% APR for the independent sector
- Technology-led processing with fast decisions
- Consistent underwriting appreciated by brokers
Cons / Considerations
- Less specialist expertise in exotic supercars vs JBR Capital
- Maximum loan of £500,000 limits ultra-HNW purchases
- Not a bank - no wider financial relationship available
Worked Example: £150,000 Ferrari 488
Worked Example: Ferrari 488 via Motonovo Finance
| Vehicle | Ferrari 488 (2023 plate) |
|---|---|
| Total asset value | £150,000 |
| Deposit (20%) | £30,000 |
| Amount financed | £120,000 |
| Product | Hire Purchase (HP) |
| APR (indicative) | 8.1% |
| Term | 48 months |
| Monthly payment (indicative) | £2,935 |
| Total amount payable | £170,889 |
All figures are indicative and subject to status, underwriting and lender criteria. A formal illustration will be provided before any agreement is signed.