Arval has signed a deal to provide leasing options for new and used car platform YesAuto.

The partnership with Arval will enable YesAuto to add more than 170,000 new car leasing deals to its existing platform

The online buying platform launched in the UK in April 2020 under the European arm of Autohome, a leading online car sales portal in China. Since its launch, YesAuto has attracted 1.1 million unique visitors and, by September, had listed 135,000 vehicles from 1,800 retailers.

The partnership with Arval will enable YesAuto to add more than 170,000 new car leasing deals to its existing platform, catering for drivers looking for new cars without the commitment of outright purchase.

Paul Hyne, commercial director at Arval UK, said: “With its strong presence in China, we are pleased to establish a partnership with YesAuto as it enters the UK car leasing market for the first time. It enables us to take our exclusive lease deals direct to a wide range of consumers through its intelligent online platform and app, which during the global pandemic we’re facing is the new normal for leasing or buying a car today.”