Consumer finance company Money3 has completed the sale of small amount credit contract business and has received an initial payment of A$35 million of the business.The sale of the business, which was announced in February, was by way of a management buyout led by Money3's founder Rob Bryant.The balance of sale proceeds, expected to be $10 million to $11 million, is due in six equal monthly instalments following completion.At the half year, the company reported that its SACC business had loan receivables of $47.9 million and pre-tax profit of $8.5 million.Money3 is focusing its attention on the auto finance market. Earlier this year it acquired a specialist New Zealand auto finance business, Go Car Finance, in a deal worth NZ$16 million.The company estimates that it finances 3 per cent of the Australian used car market annually. It says many buyers are either not serviced or are excluded by traditional lenders, giving it room to grow.