Mazda Finance Australia, powered by Toyota
Mazda Australia today announced the launch of Mazda Finance, a dedicated financier that will close many gaps for the Japanese carmaker in Australia.
While detailed product offerings are not yet announced, the new financier will offer a range of tailored financial products aimed at simplifying the buying process.
The lack of a captive financier has been of some concern for the company and Managing Director, Vinesh Bhindi, said today that Mazda Finance will streamline the purchase for Mazda customers.
“We know that more than two thirds of new car buyers that look for financing online will refer to manufacturer websites. Mazda Finance is an opportunity to make the purchase process easier, offering tailored solutions that our customers need, in the first place they go looking.”
The business was formed in partnership with Toyota Finance Australia Limited (TFAL) but Mazda Finance will be housed in a separate subsidiary company called Australian Alliance Automotive Finance (AAAF) and will be managed by an independent board of directors, its own sales and management team, and will utilise its own credit license.
The move follows a global Mazda Finance integration strategy announced by both OEMs in October last year (click to read the article).
The business is expected to commence trading mid-2019 with all parties remaining tight-lipped about what fields the new financier will be targeting.
Author: Shane Curran