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Renault Bank exceeds a billion euros of finance in Ireland

Since being founded in 2011, Renault Bank in Ireland has provided in excess of a billion euros of loans for new and used automobiles to Renault and Dacia customers. The key to its success? Solutions that are tailored to the market and the needs of its customers.

 

A total of 65,000 private and commercial customers have chosen to finance their vehicle with a deal offered by Renault Bank. From the moment it was launched, our subsidiary has successfully adapted to conditions in Ireland, offering both competitive rates and flexible finance options such as the Personal Contract Plan (PCP). The principle? Offer the customer the model that best meets their needs with an initial deposit followed by  affordable monthly payments. At the end of their contract, customers have three options:  keep their vehicle,  return it to  their local Renault Dealer or  choose a new one in the range. Renault Bank has also set itself apart from traditional banks with a range of services such as Gap (Return to Invoice) and Smart insurance along with a newly launched product; Key Insurance.

 

A breakthrough on used cars and services

While the achievement of this milestone can be somewhat attributed to the introduction of PCP, the steady growth in both Used and Services business cannot be overlooked. 2018 saw an increase of at least 30% in these areas versus the previous year and can also be recognized for contributing to this accomplishment.