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Volvo sticks with Santander for retail and stock finance

Santander Consumer Finance has signed a five year extension to its partnership with Volvo Car UK, through which SCF is the provider of both retail and wholesale funding.

Since January 2010, SCF has provided Volvo branded finance solutions under the Volvo Car Credit name and it said the partnership has been "very successful".

The partnership has driven success through close integration of both systems and people working towards collective objectives. This has resulted in the development of a wide range of innovative consumer offers designed to evolve with the widening Volvo model range.

Graham Prestedge, commercial director of Santander Consumer Finance, said: “This is good news and a result of the excellent relationship with Volvo Car UK. It is a partnership that’s delivered real benefits to both sides and I look forward to building on this over the coming years”.

Nick Connor, managing director, Volvo Car UK said: “We are further developing our relationship and look forward to this successful partnership continuing in the coming years”.

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