Improved customer payment choices via multi-year pan-European partnership with FCA Bank – a joint venture with Crédit Agricole Consumer Finance.
Lotus Elise, Exige and Evora included in new and flexible mobility packages.
Phased introduction by Country from July to September.
Agreement with FCA Bank also covers wholesale funding for retailers, delivering support and confidence to the Lotus sales network.
Another key milestone in transformation of Lotus brand.
Lotus customers are to benefit from an attractive range of innovative finance products with a new multi-year strategic partnership signed with FCA Bank – a joint venture with Crédit Agricole Consumer Finance. The deal sees FCA Bank become the exclusive retail finance provider for the UK and nine other European markets. The initiative replaces five existing suppliers with a single consolidated solution, creating a one-stop shop across the region that will lead to improved process efficiency and increased sales.
For Lotus, it’s another significant milestone in the ongoing transformation of the brand. For Lotus customers, it means access to a whole suite of flexible and appealing new retail finance products. These include sale, lease and insurance policies on new and ‘approved used’ examples of all models in the current Lotus sports car range – the Elise, Exige and Evora.
The agreement also sees FCA Bank providing financial services and support for the Lotus European retail network. this will give them additional confidence and support the supply of Lotus vehicles for their showrooms and demonstration fleets.
The contract initially covers 10 European markets, which are Austria, Belgium, France, Germany, Italy, Luxembourg, Netherlands, Spain, Switzerland and the UK. It will be phased in by market between July and September. Other countries will follow in due course.
Phil Popham, CEO, Lotus Cars, said: “I’m delighted that Lotus and FCA Bank will be working together. This partnership is a huge step forward for customer choice, and yet another example of how we’re transforming the Lotus business. For those who have always wanted to own a new Lotus, they’re now more attainable than ever.”
Giacomo Carelli, CEO and General Manager of FCA Bank, commented: “We are delighted to have been selected as the finance provider for Lotus across Europe. This is a further endorsement of our success in providing finance and mobility services arrangements to strategic OEM partners. Lotus is an iconic British brand and we are very proud to contribute to its continued transformation”.