Volvo car dealers will be able to offer new and more competitive finance deals after the manufacturer agreed a new partnership with Santander Consumer UK.
Santander will now provide a range of wholesale and retail finance options to both Volvo Car UK and its dealers.
The deal transfers finance provision from Ford Credit to Santander.
Dealers will still offer finance options under the Volvo Car Financial Services brand.
Dealers should also now enjoy reduced stocking costs thanks to the new deal.
“Our new partnership with Santander provides us with great opportunities to support car sales activities through the provision of highly competitive finance products,” said David Browning, Volvo Car UK’s finance manager.
“The provision of a dedicated Santander field force will provide further support to dealers to grow sales in general.”
Volvo’s relationship with Lex to provide business finance such as contract hire to its corporate customers is unaffected by this partnership with Santander.