Santander Consumer Finance has been appointed by US electric vehicle maker Fisker as its preferred UK finance provider.

The partnership will see Santander Consumer Finance support Fisker’s launch and expansion in the UK, following the opening of its first Fisker Lounge at Westfield London.

Santander will provide a choice of finance solutions covering Personal Contract Purchase (PCP), Personal Contract Hire (PCH), Conditional Sale (CS) and Business Contract Hire (BCH).

Stewart Grant, Santander Consumer UK’s commercial director, said: “We share Fisker’s dedication to quality, reliability and sustainability and look forward to working alongside them over the coming years to achieve their strategic goals.”

Santander is already providing finance for customers buying Fisker’s debut model, the recently launched Ocean SUV.

CEO and Founder Henrik Fisker said: “With our vision for a clean future for all, we want to make the Fisker Ocean accessible for larger groups of customers through attractive finance offers.

“As a new EV brand in the market, we appreciate being able to give our customers the opportunity that goes with choosing a financing option provided by Santander Consumer Finance, one of Europe’s largest consumer finance companies.”

Santander Consumer Finance’s partnership with Fisker takes its total number of manufacturer partners in the UK to 18 and follows the recent signing of BYD.

The Californian electric vehicle manufacturer has also enhanced its loyalty programme to provide European customers with lifetime benefits, rewards, exclusive perks, and giveaways.

Customers with an existing order or reservation for any Fisker vehicle are automatically enrolled into the programme which offers customers an opportunity to earn points through referring Fisker’s newsletter, visiting a Fisker Lounge and scheduling a test drive.

Exclusive perks for Ocean One owners include charging credit, a first free tire replacement, an extended warranty, free OTA updates, early access to vehicle features and a service package.