Auto Trader has completed its acquisition of new car leasing marketplace Autorama in a deal which could be worth up to £200m.
The Manchester-headquartered group completed deal for an initial consideration of £150m while an additional £50m has been deferred "subject to customary performance conditions" in a year's time.
Autorama has created a digital platform which aggregates leasing deals from multiple funders and OEMs under its Vanarama brand.
