15 March 2011

Renault to offer car finance

Renault Ireland will launch Renault Motor Finance Ireland to offer car finance from next September.

Renault Motor Finance Ireland parent Renault Credit International (RCI) has received approval from Banque de France, and is now waiting for confirmation from the Central Bank of Ireland.

Renault Ireland's MD Eric Basset has welcomed RCI to Renault Ireland 'as it comes at a time when people are finding it more difficult to access motor finance'. He said RCI will also have a major role in making finance available to the dealers who need it the most.

RCI Bank is wholly owned by the Renault Group and is a branch of Banque de France and regulated by France's Financial REgulator. It currently operates in 39 countries, Ireland will be the 40th.