Lloyds Banking Group has been chosen as the only real preferred provider of retail and wholesale finance and leasing for Mitsubishi Motors within the UK.
The deal, agreed by Mitsubishi importer International Motors Group, includes access for purchasers to rent purchase, personal contract purchase and lease purchase products via the Black Horse motor finance business, and contract hire and finance leasing through Lex Autolease.
The agreement is claimed to increase a three way partnership relationship between Lloyds Banking Group and International Motors that has been in place for greater than 25 years through International Motors Finance, which already provides retail and wholesale finance across IMG’s Subaru, Isuzu, GWM and Xpeng brands within the UK.
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Mitsubishi is making its UK market comeback this summer with the Outlander SUV and L200 pick-up truck, having previously stopped latest vehicle sales here in 2021.
Mitsubishi return ‘a welcome moment’
Nick Williams, managing director for transport at Lloyds Banking Group, said: “Mitsubishi’s launch of recent products is a welcome moment for the UK market, and a transparent vote of confidence within the UK as a spot to do business.
“The Outlander PHEV and L200 are two of essentially the most familiar names of their segments, and the brand new models arrive at a time when drivers and fleets are actively searching for capable, reasonably priced, and lower-emission options.
“With £10 billion of financing since 2021 helping support one in eight hybrid and electric vehicles on UK roads, our role because the country’s biggest automobile finance provider is to make the path to ownership as straightforward as possible.
“Extending our long-standing partnership with International Motors to support Mitsubishi Motors within the UK gives dealers and customers the total range of retail and wholesale products.”
Toby Marshall, managing director at Mitsubishi Motors within the UK, said: “The launch of recent Mitsubishi products within the UK is a major moment for International Motors and for our dealer network.
“Having Lloyds Banking Group as our sole preferred finance and leasing partner from the outset gives us the dimensions, sector expertise, and product breadth we want to support customers.
“This builds on a relationship that has worked well across our other brands for greater than 20 years, and we’re confident Mitsubishi Motors within the UK and our customers will profit from the resource and relationship dropped at our retail network by Lloyds Banking Group.”
This Article First Appeared At www.am-online.com
