It will be offered to Jaguar Land Rover (JLR) buyers credits and insurance from BNP Paribas, announced Friday the French bank and the British car manufacturer, as part of a partnership which will begin in 2023.
At a time when banks are engaged in fierce competition in the field of mobility, particularly in the automotive segment, BNP Paribas and Jaguar explain that they have become exclusive partners for the marketing of financial services to all distributors and customers. of Jaguar Land Rover. This partnership will cover nine European countries: Germany, Italy, France, Spain, Belgium, Luxembourg, the Netherlands, Austria and Portugal.
This includes traditional loans, insurance products and long-term leasing solutions for individuals, leasing for corporate customers and also inventory financing at dealership level. This partnership will enable us to offer competitive mobility financing solutions in the main European markets, says Jaguar Land Rover’s Executive Director, Strategy and Sustainable Mobility Franois Dossa.
Among recent mergers in the sector, on January 6, the car leasing subsidiary of Socit Generale, called ALD, announced the acquisition of its competitor LeasePlan, which has a fleet of 3.5 million vehicles.
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The consumer credit subsidiary of Crdit Agricole announced in December a partnership with the car manufacturer Stellantis (Fiat, Peugeot, Citron, etc.) with the ambition of creating a European leader in long-term car leasing.
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