AS Ford prepares to discard its past (bye-bye Fiesta, Mondeo) and embrace a new electric future (hello three new EVs and four electric vans), the OEM’s financing arm is preparing to create financial products sutiable fort ehse new products.
Ford Credit says it is piloting a range of products to support the transition to electric vehicles. This includes a subscription service as well as financing options for EV accessories, such as home charging units.
In addition, Ford Credit says it is developing its Options product to offer more flexibility, including different terms so that consumers can enjoy the long-term benefits of EVs more easily, including lower whole life costs.
Car subscriptions are starting to become an interesting channel for leasing brokers to explore as customers look to a more flexible approach to using vehicles, while bundling together all the services in a single monthly payment.
Read more about car subscriptions and leasing brokers
Two subscription provision companies that are increasingly involved in the leasing broker sector are SOGO Mobility and MyCarDirect.
You can read more about them in the stories below:
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Automotive and fleet writer for Broker News