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Ssangyong History

From only POA SsangYong Motor Company has undergone an extensive amount of corporate development, production expe...

SsangYong Motor Company has undergone an extensive amount of corporate development, production experience and influence on the Korean car industry. It began its engineering history as the Ha Dong-hwan Motor Company before changing its name and starting continuous manufacturing of four-wheel drive SsangYong cars after acquiring Geohwa Ltd. As the fourth largest car production factory in South Korea, during the war years the manufacturer built Jeeps for the United States. Utilising their experience, in 1988 the SsangYong business team came together with Daimler-Benz. The acquisition of new engine technology and expert design knowledge kick-started SsangYong sales growth. The Company released the Musso in 1993, shortly followed by the Korando in 1996. This achievement opened up a brand new market and customer base to explore. The affiliation continued to progress; the manufacturer took advantage of the innovative design and advanced technology successes of Mercedes-Benz and continued production of small commercial vehicles in 1991, deluxe passenger cars, as well as petrol and diesel engines in 1993. In 2010, SsangYong Motors was acquired by Mahindra & Mahindra Limited. The manufacturer's expertise in a large and varied market could be the key to SsangYong's survival in the car manufacture industry. In 1966 SsangYong Motors established the production of buses in Korea and the export of SsangYong cars and other transport vehicles. The brand continues to open new areas of the car industry to this day, building SUV and RVs. Additionally, the Rexton has become a popular secondhand SsangYong choice as it offers the driver a smooth city car experience as well as off road capabilities, due to its design as a mid-size sport vehicle.

  

Jarretts Motors Limited trading as Wilmoths Citroen and Wilmoths is an Appointed Representative of Automotive Compliance Ltd who is authorised and regulated by the Financial Conduct Authority (FCA No. 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allow Jarretts Motors Limited trading as Wilmoths Citroen and Wilmoths to act as a credit broker, not a lender, for the introduction to a limited number of lenders, and to act as an agent on behalf of the insurer for insurance distribution activities only.

We are a credit broker and not a lender. We can introduce you to a lender on our panel, which includes lenders of vehicle manufacturers. We have commercial arrangements with lenders and credit brokers which are likely to influence who we introduce you to. We are not an independent financial adviser and don’t give you any advice or recommendations. It is your choice whether you enter into any finance agreement.

 

Our approach is to introduce you first to the manufacturer lender linked to the franchise offering you the vehicle. They will usually offer the best available package for you, taking into account both interest rates and other contributions (but we do not guarantee they do). If they are unable to offer finance, we then seek to introduce you to someone else on our panel. We will usually receive a commission for your introduction. This will be either a fixed fee, or a fixed percentage of the amount that you borrow. This may be linked to the vehicle model you choose.

 

Lenders of vehicle manufacturers may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement. Before we propose you to a potential lender, we will tell you of the likely amount of commission we will receive and seek your consent to receiving this commission. The exact amount of commission will be confirmed before you sign your finance agreement.

 

All finance applications are subject to status, terms and conditions apply, UK residents only, 18s or over. Guarantees may be required.