With the car market up, Renault Finance has seen 100% increase in applications for car finance with most opting for the Personal Contract Plan,

The PCP reduces monthly payments and with a new two hour max decision time now on applications, car finance is much more flexible,

Early indicators in 2014 show that 40% of Renault and Dacia customers will take a Renault ReFlex product (PCP). With ReFlex customers are guaranteed the value of their car in 2-3 years’ time and Renault or Dacia will guarantee a minimum amount at the end of their finance term.  They also have the possibility of driving a new car every 2-3 years and if the customer doesn’t wish to keep the car after the term, they don’t have to. 

Another reason why PCPs are increasing in popularity is that the deposit required is low, usually 10% between deposit and trade in.

With the market up 45 %, Renault Finance has seen an increase of 100% in finance applications for the same period last year. A new maximum two hour decision time has also been introduced on all finance applications.

Mrs. Gaëlle Humbert, Managing Director Renault Finance: “More and more customers are researching their options online and they have a better idea of what they want when they visit one of our dealerships. It is crucial that we provide these customers with a quick decision so they can make an informed decision on the best way to pay for their Renault or Dacia, hence our new two hours decision time.  We have seen 1 in 2 registrations take a finance agreement with us and this is down to flexible ways to pay, lower interest rates, professional service and our 80% acceptance rate. We want to ensure that all customers’ needs are met in their dealerships making it easier for Renault and Dacia drivers to choose and pay for their new car”.