BNP PARIBAS PERSONAL FINANCE UK LAUNCHES A NEW MOTOR FINANCE SOLUTION FOR THE LEISURE MARKET
Wed, 12 May 2021
BNP Paribas Personal Finance UK has entered the leisure market with a new financing solution for motorhomes and campervans.
Customers can now finance new and used motorhomes and campervans though BNP Paribas Personal Finance UK, at partner dealerships across the country.
This launch comes after a year of restrictions on movement, against the backdrop of a global pandemic. And with talks of vaccine passports and ongoing travel bans, more and more people are embracing the staycation and choosing domestic holidays over trips abroad.
According to research carried out by our motor finance team, 77% of UK adults feel that a motorhome-based UK break is an acceptable post-lockdown activity. And this sentiment has been reflected in sales of motorhomes and campervans – which have skyrocketed over the past 12 months.
In addition, while the pandemic has had a negative financial impact on some, many households have also found that they’ve saved money from holidays not taken last year (instead choosing to invest this in a motorhome or campervan). As these are generally bigger purchases – we want to make them affordable to a greater number of people by allowing customers to fund them over a longer period of time.
The launch into this new market is part of BNP Paribas Personal Finance UK’s commitment to provide responsible and affordable finance solutions that allow customers to purchase products that improve their quality of life.
Andrew Brameld, managing director of BNP Paribas Personal Finance UK’s motor finance business, said: “BNP Paribas is established globally as a provider of motorhome and campervan finance, and we’re delighted to be bringing that expertise to the UK market.
“This is a brilliant opportunity to establish ourselves within the UK leisure market and further grow BNP Paribas’ footprint within the motor sector.”
Alison Sucsa, Regional Account Manager for motor finance, added: “BNP Paribas Personal Finance has been offering responsible consumer finance solutions in the UK for over 45 years. And in that time, we have become a trusted partner for businesses adapting to ever-changing marketplaces.
“This partnership further enhances our motor finance proposition, and our competitively priced and digitally enabled offering underpins our reputation in the marketplace as providers of responsible motor finance solutions that our partners and consumers can trust.”
For more information on our motorhome and campervan finance solutions, click here.