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Nissan, Mitsubishi Announce New Financing Initiatives

Autosphere » Dealerships » Nissan, Mitsubishi Announce New Financing Initiatives

Nissan and Mitsubishi Motors to offer financial services in Canada, Australia and New Zealand.

Nissan and Mitsubishi have announced the launch of a branded sales finance operation. Nissan’s financing arms will be responsible for providing wholesale and retail financing services for Mitsubishi dealerships.

The newly established services will use Mitsubishi Motors Financial Services as the brand interface to retail customers and will be available from June in Australia and New Zealand, and from July in Canada.

In Canada, Nissan Canada Finance will become Mitsubishi Motor Sales of Canada’s captive financing partner for vehicle leasing and loan services to retail customers, and wholesale financing to Mitsubishi dealerships.

The new division of Nissan Canada Finance will be branded to retail customers as Mitsubishi Motors Financial Services, effective July 1, 2017. It’s the first business venture in Canada between Mitsubishi and Nissan since Nissan’s purchase last year of a 34% equity stake in Mitsubishi Motors.

“Joining forces with Nissan Canada Finance is a positive step toward a branded customer service experience while driving loyalty through competitive rates and a broader range of financial options,” said Tony Laframboise, president & CEO, Mitsubishi Motor Sales of Canada.

“The 158 dedicated team members at Nissan Canada Finance are fully committed to supporting the Alliance and welcome the opportunity to work with Mitsubishi Motor Sales of Canada, and its dealer body, to provide branded retail and lease products,” said Kevin Cullum, president, Nissan Canada Finance.

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