2 September 2013

Renault Finance lends €80m

Renault Finance has lent €80m to Irish motorists in its first two years of business, writes Trish Whelan.

Renault Finance is the trading name of RCI Banque Branch Ireland, a wholly owned subsidiary of the Renault Group.

The finance company now has 6,500 customers in Ireland, both individual and business customers.

One in two new Renault cars and vans registered are financed by Renault Finance and there is an 80% acceptance rate on new vehicles.

Renault Finance offers multiple ways to purchase a Renault car or van with Hire Purchase, Leasing and ReFlex, its PCP product accounting for 25 percent of its retail business.

Renault Finance also provides a stocking facility to the Renault and Dacia network of dealerships.