New Zealand will become Jaguar Land Rover’s first import market for their branded financial services product.
Steve Kenchington, general manager of Jaguar Land Rover NZ, said that spikes in demand for their vehicles have paved the way for a new financial package, provided in partnership with Heartland Bank.
Chris Flood, Heartland Bank’s Deputy CEO, says Heartland were delighted to be selected as financial services supplier to Jaguar Land Rover.
“We are proud to partner with Jaguar Land Rover, a strong and iconic brand in the New Zealand marketplace.”
“A key part of Heartland’s strategy is to grow its business through partnering with intermediaries, enabling us to reach more customers at the point of sale. We look forward to working with Jaguar Land Rover and believe our partnership will bring significant value for our mutual customers.”
“Jaguar Land Rover’s local sales have grown substantially over the past five years as new models have been introduced to the range and economic factors such as a strong housing market and an increase in immigration have provided a further boost.
“The introduction of a financial product under our own label was the next evolutionary step as the brand has further matured in the New Zealand market, and complements our existing 5 Year Service Plan sold with every new Jaguar Land Rover model in New Zealand, ” he said.
Customers purchasing a Jaguar Land Rover model under the new product will be given a guaranteed minimum buyback price.
“This means our customers will have further confidence that the vehicle they buy from us today will retain its value until they are ready to trade in, upgrade, refinance, keep or return it, when it reaches that point in its lifecycle.”
Jaguar Financial Services and Land Rover Financial Services will be available in Authorised Retailers from 15th January 2018.