Nissan to launch new Financial Services Business

30 Sep, 2008 4 Comments

It seems that in spite of the global credit squeeze, sub-prime mortgage crashes and the ever rising cost of living, Nissan still has enough to go around with the announcement today that the firm will open a financial services arm in mid-October.

Based in Melbourne, Nissan Financial Services is being structured to provide strategic support to the Nissan dealer network as well as offering competitive financial products and services to Nissan customers.

The $20M investment will employ 25 full-time staff and service both the retail and fleet sector with consumer and business loans and lease packaging solutions.

Nissan sells 3.77 million vehicles annually, 60,000 of those in Australia and supports a national retail network of over 200 dealers. It is hoped the new financial service offerings will give Nissan an even stronger brand presence in the Australian market place.

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4 Responses to “Nissan to launch new Financial Services Business”

The_New_Fresh_Prince Says:
September 30th, 2008 at 9:40 am
*****PRIMO!*****

What kept them so long to do this?

FOMOCO make more money out of FordCredit than they do out of vehicle sales.

Cheers

F-0

Anti-Spam = Elfin, when will you have details on the all new 4-cyl. model.
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The Salesman Says:
September 30th, 2008 at 9:40 am
I know of Ford and Holden dealers that have manufactures finance as a back up but their floor plans are with Esanda or GE. Most cases will see the well established finance companies take on greater risk and provide more services, better rates and faster approvals (same day deliveries)
Good luck Nissan, I hope it works.
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ihatemycardotcomdotau Says:
September 30th, 2008 at 4:15 pm
Good to see Nissan taking right direction…should be done long time ago.
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The Know... Says:
October 22nd, 2008 at 10:29 am
Nissan had a ten year restraint after selling their previous financial services book to GE. This has only expired a few months ago so couldn’t start any earlier.
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