Renault Announces Introduction Of Renault Financial Services In Australia

VICTORIA, AUSTRALIA – April 12, 2011: Renault today announces that Renault Financial Services will begin helping Australian customers finance their new vehicles from 1 May 2011.

Renault Financial Services is backed by Nissan Financial Services Australia Ltd.

As a result of the re-invigoration of the Renault brand in Australia, coupled with a growing product portfolio and plans for even greater representation around Australia, Renault believes this is the right time to offer its own in house financial services products.

The Renault Financial Services products will be available for customers specifying Renault passenger cars, track-bred Renault Sport models and Renault Light Commercial Vehicle products.

Renault Financial Services will be a full service finance business with industry leading systems, processes and customer and dealer services. It will help Renault dealers secure greater customer loyalty and help grow sales of new vehicles.

Financial products include consumer loans for private buyers with terms from one to five years, fixed interest rates for the term of the loan, as well as the flexibility to make additional payments.

Commercial loans – including chattels mortgage, commercial hire purchase, finance leases, novated leases and a business line of credit – are ideal for sole traders, partnerships and companies.

“For too long, the absence of an in-house financial services product portfolio has been perceived as a gap in our business,” says Justin Hocevar, Managing Director of Renault Australia.

“We are sure that our own financial services company will give us competitive advantages and provide customers with a range of financial options that will make buying a Renault that much easier,” Justin said.

“These products have been specifically designed to support vehicle ownership.”