April 16, 2023
MILAN — Stellantis is seeing clients seeking longer-term financing and leasing deals for their vehicles as a consequence of higher global interest rates, the automaker’s head for the business said.
Chief Affiliates Officer Philippe de Rovira said loans which normally had a three-year maturity were now increasingly moved to four years. “This allows customers to get a car for a monthly installation that is similar to that they had before,” he said.
The automaker announced it had completed a plan announced in late 2021 to reshuffle and simplify its leasing and financing operations in Europe.
Under its terms, Stellantis created…