Singer & Friedlander Insurance Finance is to provide the funding for a vehicle healthcare scheme's monthly payment plan.

The scheme, motoreasy, covers most car maintenance expenditure with one fixed fee. Car owners are able to pay the fee, interest free, in monthly instalments.

The motoreasy plan is divided into different price bands, depending on each car's engine size and mileage. It provides an annual service, MOT, repair and recovery - in the UK and on the Continent - and an industry mechanical and electrical warranty.

Motoreasy managing director David Gerrans said: "This is a great opportunity for us.

"The all-in-one package brings significant savings for drivers and the interest free monthly payment plan ... not only makes budgeting easier but creates a more attractive package for the consumer."

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