BNP Paribas is the European Union’s leading bank and key player in international banking. It operates in 68 countries and has more than 193,000 employees, including nearly 148,000 in Europe
Jaguar Land Rover partners with BNP Paribas. (Credit: Loris Marie on Unsplash)
Jaguar Land Rover and BNP Paribas have launched a suite of new mobility financing services across nine European markets as part of their strategic partnership.
The collaboration is the first phase of a transformational plan to reimagine the role of financial services for clients of its Range Rover, Defender, Discovery and Jaguar brands.
Since partnering in February 2022, Jaguar Land Rover and BNP Paribas have been collaborating to innovate and develop a truly integrated offering that covers all aspects of mobility financing needs. This approach will deliver seamless end-to-end connectivity and facilitates personalised modern luxury experiences from website to showroom.
Jaguar Land Rover retail partner networks and clients now have access to a comprehensive suite of competitive retail financing solutions, insurance and services, as well as wholesale financing.
The retail range includes products such as traditional loans, lease-to-purchase, long-term lease, ‘buy now, pay later’, insurance and services products. BNP Paribas leverages on all its business involved in mobility products and services with support from its Corporate and Institutional Banking department: BNP Paribas Personal Finance supports the provision of wholesale financing, retail loans and financial leases, Arval delivers lease and fleet management, Floa provides ‘buy now, pay later’ services, and BNP Paribas Cardif offers insurance products and services.
Francois Dossa, Executive Director, Strategy and Sustainability, Jaguar Land Rover said: “We have a vision of delivering modern luxury products and services for our clients. The launch across nine markets with our European strategic partner, BNP Paribas, is an exciting first phase of innovating mobility finance to create a modern luxury financial services experience for our clients.”
Thierry Laborde, Chief Operating Officer of BNP Paribas added: “This long-term partnership with Jaguar Land Rover stems from our successful association in complementary areas of expertise, which places sustainability and innovation at the heart of the businesses, in order to better serve customers and retailers. Leveraging on the efficiency of its One Bank model, BNP Paribas is fully committed to building a truly integrated service covering all types of mobility financing needs, across nine strategic markets in Europe.”
Source: Company Press Release