With banks offering an average 5% interest rate for car loans, the financing solution developed by RCI Financial Services won over numerous customers. It notably led to a 6% increase in the used car sales of the Renault and Dacia dealerships, together with a 5% increase of the used cars sales of the Nissan dealerships, an impressive performance given the 1% contraction in the used car market in the Netherlands in the first half of the year. In addition to its attractive rate, the offer brings Renault, Nissan and Dacia customers considerable flexibility, with a period of 12 to 36 months and the possibility of borrowing up to €10,000.
USED-CAR FINANCING: A MAJOR OPPORTUNITY FOR SALES GROWTH FOR RCI BANK AND SERVICES
The used-car market represents substantial growth potential for RCI Bank and Services. In Europe alone, some 13 million used cars were sold in 2016 – three times more than new cars. For RCI Bank and Services, the number of used-car financing contracts totaled 158,049 for the first-half of 2017, up 16.7% vs the first-half of 2016.