Jaguar Land Rover and BNP Paribas have entered into a strategic partnership to enhance automotive financing solutions with services across nine European markets.
BNP Paribas said that by early 2023, the ambition is to provide to the retail partner network and Jaguar Land Rover customers a full range of financing solutions. These solutions, aligned to both partners’ mobility strategy include stock financing, classic loans, lease-to-purchase, long-term lease and insurance products.
The company added the collaboration will build on Jaguar Land Rover’s leadership in the modern luxury automotive market with BNP Paribas Personal Finance for financing, Arval for leasing and fleet management, BNP Paribas Cardif for insurance, to provide a truly integrated service offering covering all types of mobility financing needs.
Thierry Laborde, CEO of BNP Paribas, said, “We are delighted to begin a strategic partnership with an iconic player in the automotive sector, placing sustainability at the heart of the business thanks to an ambitious strategy for the electrification of its vehicles.
“Our complementary areas of expertise are a key asset for making this partnership a success. BNP Paribas is fully committed to bringing all our capabilities as an integrated group, to bear in support of Jaguar Land Rover’s distributors and customers across these 9 strategic markets.”
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